Mülheim an der Ruhr/Germany, April 2, 2012 – With the consent of the Supervisory Board, the EASY SOFTWARE Management Board decided to repurchase own shares at an initial volume of up to 100,000 shares corresponding to an interest of 1.851 % in the share capital of the group via the stock exchange within the period from April 4, 2012 to presumably December 31, 2012. Based on the current stock price, this equals a volume of about EUR 332,000. To date, the Group has 193,837 (3.5876 % of the share capital) own shares.
In accordance with Section 71, Paragraph 1, No. 8 AktG (German Stock Corporation Act), the general meeting of May 27, 2010 authorized EASY SOFTWARE AG to purchase own shares of up to 10% of the share capital by May 26, 2015.
The repurchased shares can be used for all purposes defined in the general meeting’s authorization resolution of May 27, 2010.
The share repurchase program will be executed by a German bank which takes its decisions regarding the timing of individual repurchase independently and uninfluenced by EASY SOFTWARE AG. The repurchase of the shares will be made in compliance with the guidelines of Section 20a WpHG (German Securities Trading Act) and the German Market Manipulation Definition Regulation, as well as with the safe harbor provisions in accordance with Commission Regulation (EC) No. 2273/2003. The purchase price for the shares (excluding ancillary purchase costs) may not exceed or fall below the average value of the prices (closing auction of the group’s share in Xetra on the Frankfurt Stock Exchange) by more than 10% during the last five trading days preceding the purchase.
Moreover, the purchase will not be made at a price above that of the recent independent purchase made or, should this be higher, above that of the highest independent bid on the trading centers where the purchase is made. The permitted repurchasing volume is set to a daily maximum of 1,765 shares. The repurchase is made at Xetra stock exchange.
Where required and legally permitted, the repurchase program may be discontinued and resumed at any time.
EASY SOFTWARE AG will provide regular updates on the progress of repurchasing the shares in the “Investor Relations” section on its Website at www.easy.de.
EASY SOFTWARE AG
The Management Board