Fabasoft AG Announces Share Buyback Program

Fabasoft AG has resolved to initiate a share buyback program, following approval from its Supervisory Board. The authorization was initially granted during the Annual General Meeting on July 2, 2024. The buyback will adhere to Austrian Stock Corporation Act sections and aims to acquire shares worth up to EUR 2,000,000, representing approximately 1.3% of the company's share capital based on the recent share price.

The program will be managed independently by a bank, ensuring decisions regarding the timing of acquisitions are free from company influence. The shares will be purchased via the stock exchange in compliance with the EU regulations. The purpose of the repurchase is broader than usual, allowing flexibility as specified in the AGM authorization.

Fabasoft AG plans to commence the share buyback on August 15, 2024, continuing until September 30, 2025, if necessary. Further details will be released prior to the program's start.