Email Contact Phone Company Visit Website

SimCorp A/S Head Office

Weidekampsgade 16
Copenhagen S
DK

SimCorp Germany Office

Justus-von-Liebig-Straße 1
Bad Homburg
DE

SimCorp Norway Office

Biskop Gunnerusgade 14 A
Oslo
NO

SimCorp Sweden Office

Sergelgatan 1
Stockholm
SE

SimCorp Benelux Office

Building Stéphanie 1 Avenue Louise 54
Brussels
BE

SimCorp Australia Office

Level 13 68 Pitt Street
Sydney
AU

SimCorp Hong Kong Office

Level 39 One Exchange Square 8 Connaught Place CENTRAL
Hong Kong
HK

SimCorp London Office

2nd Floor 100 Wood Street
London
GB

SimCorp Singapore Office

#58-03/05, Republic Plaza 9 Raffles Place
Singapore
SG

SimCorp Netherlands Office

Keizersgracht 62 Office B07
Amsterdam
NL

SimCorp Canada Inc Office

100 Wellington St. West Suite 2204
Toronto
CA

SimCorp Finland Office

Salomonkatu 17
Helsinki
FI

SimCorp France Office

29/31 rue Saint-Augustin
Paris
FR

SimCorp Luxembourg Office

20, rue Eugène Ruppert
Luxembourg
LU

SimCorp Switzerland Office

Sihlquai 253
Zurich
CH

SimCorp Ukraine Office

V. Stusa 35–37 2nd floor
Kiev
UA

SimCorp Austria Office

Wollzeile 16
Vienna
AT

SimCorp North America Office

17 State Street, 6th Fl.
New York
NY
US

SimCorp Coric Office

53 State Street, 29th Floor
Boston
MA
US

Telephone

+45 35446416 Mobile +45 6127 6137

Contact

Peter Tranberg
[email protected]
Back to all SimCorp announcements

SimCorp A/S – New share buyback program

SimCorp A/S (“SimCorp”) has today initiated a share buyback program for up to EUR 40.0m, to be executed during the period from 10 May 2016 to 20 February 2017.

The buyback program is being launched in accordance with the authorization granted by the shareholders at the Annual General Meeting on 1 April 2016 to repurchase up to 10% of the SimCorp’s share capital in the period until the next annual general meeting.

The buyback program will be structured in compliance with the rules of Commission Regulation No. 2273/2003 of 22 December 2003, which provides protection against violation of insider trading legislation in connection with the execution of the buyback.

SimCorp has appointed Nordea Bank A/S as lead manager of the buyback program. Under the agreement Nordea Bank A/S will purchase shares on behalf of SimCorp and will make its trading decisions independently of, and without influence by SimCorp.

The buyback program is subject to the following terms:

  • The purpose of the program is to reduce the share capital of SimCorp and to meet the obligations arising from SimCorp’s incentive scheme
  • Total purchases of own shares will be limited to a total market value of EUR 40.0m
  • Maximum number of shares that can be bought is 1,250,000 shares of DKK 1 each
  • Execution of the buyback will take place from 10 May 2016 to 20 February 2017
  • Maximum number of shares to be purchased in SimCorp per daily market session will be the equivalent to 25% of the average volume of SimCorp shares traded on NASDAQ OMX Copenhagen during the preceding 20 business days
  • During the life of the buyback program no shares will be purchased at a price exceeding the higher of the following two prices on NASDAQ OMX Copenhagen:
  1. The price of the last independent trade, and
  2.  The highest current independent bid

Details of transactions executed under the buyback program will be publicly disclosed on the Simcorp website not later than the end of the seventh daily market session.