Selling of Treasury Stocks
The Executive Board has resolved, with the approval of the Supervisory Board, that Softing AG will sell up to 114,500 treasury shares over the stock exchange. The sale will be undertaken by Baader Bank, Munich, in conformity with Commission Regulation (EC) No. 2273/2003 of December 22, 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council. It is planned that the bank will decide on the timing of the sale of the shares independently, without being influenced by the company. The sale is to be carried out in such a way as to minimize the impact on the share price.
Following a legal review, it has been determined that there is no possibility of issuing an ad hoc announcement owing to the small volume of shares and the very limited course of action. However, to give shareholders an overview of the status of the disposals, for the duration of the sale the company will subsequently publish a weekly overview of the number of shares sold in the week in question as well as the average price obtained.
|Date||Number of Shares||Average Price||Sales Volume in EUR|
|Week 29, Year 2014||21,262||18.04||383,525.63|
|Week 30, Year 2014||3,640||17.95||65,322.61|
|Week 31, Year 2014||396||17.80||7,050.18|
|Week 15, Year 2015||89,054||12.10||1,077,972.00|