Beta Systems Software plans to buy back its own shares. For this purpose, the Berlin-based company is offering its shareholders a public purchase offer to purchase up to 100,000 shares – this corresponds to around 2.1 percent of the company’s issued share certificates. If more are offered, reserve a higher buyback volume within the limits granted by the shareholders by way of a general meeting resolution, so Beta Systems.
“The share buyback should take place at an acquisition price (excluding incidental acquisition costs) of EUR 23.00 per bearer share of Beta Systems Software AG with a proportionate amount of the share capital of EUR 5.00 per share,” the company said on Tuesday.
According to the AGM resolution, the shares can be withdrawn. “If necessary, members of the Management Board and / or the Supervisory Board will consider submitting their own shares in the offer,” Beta Systems also announced.
At a glance – Chart and News: Beta Systems