REPORT ON THE PROGRESS OF THE SHARE BUY-BACK PROGRAMME - 24 AUGUST 2020
August 2020
PRESS RELEASE 24 August 2020 – 20:00 CET
Report on the progress of the share buy-back
programme
Brussels, Belgium – 24 August 2020 – Keyware (EURONEXT Brussels: KEYW)
reports on the progress of its share buy-back programme capped to EUR 1 million.
The
Extraordinary General Shareholders Assembly of Keyware Technologies held on 27
May 2016 has authorized the Board of Directors to launch a share buy-back
programme.
On
30 August 2018, the Board of Directors has decided to launch a new share
buy-back programme capped to EUR 1 million and starting as of 1 October 2018,
and afterwards extended by one year until 30 September 2020 as a result of the
decision of the Board of Directors held on 29 August 2019.
Transactions
of the previous week
Referring to
article 7:215 CCA (before article 207 of the Royal decree of 30 January 2001 in
execution of the Companies code (art. 620 § 1) as modified by Royal Decree of
26 April 2009) Keyware Technologies communicates that it has purchased 2,000
treasury shares at Euronext Brussels in the period between 17 August 2020 and 21
August 2020.
Purchase date
|
Number of
shares
|
Average purchase
price (EUR) |
Lowest
purchase price (EUR) |
Highest
purchase price (EUR) |
Total (EUR)
|
17/08/2020 |
102 |
0.720 |
0.720 |
0.720 |
73.44 |
18/08/2020 |
250 |
0.720 |
0.720 |
0.720 |
180.00 |
19/08/2020 |
1,648 |
0.720 |
0.720 |
0.720 |
1,186.56 |
20/08/2020 |
- |
- |
- |
- |
- |
21/08/2020 |
- |
- |
- |
- |
- |
Total |
2,000 |
0.720 |
|
|
1,440.00 |
Disposal
of treasury shares
The three following
disposals took already place:
·
30 June 2017 : 47,400 shares for an amount of
EUR 75,000 (EUR 1.582 per share)
·
29 December 2017 : 16,887 shares for an amount
of EUR 25,000 (EUR 1.48 per share)
·
10 January 2019 : 26,323 shares for an amount of
EUR 25,000 (EUR 0.95 per share)
In each of these cases the selling
price has been determined on the basis of the average closing quotes during the
30 calendar days preceding the date of the disposal.
Number of shares held
As a result of
the buy-back transactions up to date and the three abovementioned disposals for
on aggregate 90,610 shares, the Company holds a total of 1,026,194 treasury shares on 21 August 2020 or 4.3587 % of the
actual number of shares issued (i.e. 23,543,793).
This number of shares can be allocated
as follows:
·
Previous share buy-back programme :
546,922 shares
·
Ongoing share buy-back programme : 479,272
shares
The ongoing
share buy-back programme is further executed within the indicated maximum
amount of EUR 1,000,000. Under this programme, 479,272 treasury shares in total
have been purchased for an amount of EUR 419,472.40. Hence, the remaining balance amounts to
EUR 580,527.60 (which corresponds to approximately 806,288 shares).
For an
overview of the purchases of treasury shares we refer to our website:
http://www.keyware.com/legal-information under the title “Share buy-back
programme”.
About Keyware
Keyware
(EURONEXT Brussels: KEYW) is a leading supplier of electronic-payment solutions
and software development. Keyware is based in Zaventem, Belgium, and more
information is available on www.keyware.com
For additional information, please contact:
Mr Stéphane Vandervelde
President & CEO
Keyware Technologies
Tel: +32 (0)2 346.25.23
ir@keyware.com
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