Sale of own shares

When preparing the annual accounts it has been established that, at the point in time own shares were acquired on the basis of the authorization by the general meeting of 27 May 2010, the company could not form the hypothetical reserve in accordance with Section 71, Paragraph 2 German Stock Corporation Act. In total, 193.837 shares are affected, which were acquired between 2010 and 2012, as part of a share repurchase program.
According to Section 71 c, Paragraph 1 German Stock Corporation Act the Management Board is obliged to sell the respective own shares within one year following the acquisition. Shares that have been acquired more than one year ago (currently 193.837) have to be redeemed in accordance with Section 71 c, Paragraph 3 in connection with Section 237 German Stock Corporation Act; a primary sell of these shares can be considered until the general meeting has adopted a resolution on the redemption.

The Management Board is currently checking the possibilities to sell the own shares held by the company. To the extent the own shares will not be sold, a proposal will be submitted to this year’s annual general meeting to resolve the redemption of the shares.

EASY SOFTWARE AG

The Management Board

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About EASY SOFTWARE

For 30 years, Essen-based EASY SOFTWARE has been developing intuitive, customized software products for customers to digitize business processes, seamlessly integrate with existing systems, and automate, mobilize, and optimize their customers' workflows worldwide. EASY provides these solutions on-premises and cloud-native.

With over 13,600 cross-industry installations, EASY SOFTWARE is one of the market leaders for ECM, DMS and P2P solutions in German-speaking countries. Since its foundation in 1990, EASY SOFTWARE has been active in 60 countries. The company has a network of around 100 partners. Its international subsidiaries are located in Europe, Asia and the USA.