REPORT ON THE PROGRESS OF THE SHARE BUY-BACK PROGRAMME - 4 SEPTEMBER 2020
September 2020
PRESS RELEASE 4 September 2020
– 22:00 CET
Report on the progress of
the share buy-back programme
Brussels,
Belgium – 4 September 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.
On 27 August 2020 the Board
of Directors decided to terminate the ongoing programme.
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 950 treasury shares at
Euronext Brussels in the period between 24 August 2020 and 28 August 2020.
Purchase date
|
Number of shares
|
Average purchase price (EUR) |
Lowest purchase price (EUR) |
Highest purchase price (EUR) |
Total (EUR)
|
24/08/2020 |
- |
- |
- |
- |
- |
25/08/2020 |
- |
- |
- |
- |
- |
26/08/2020 |
950 |
0.740 |
0.740 |
0.740 |
703.00 |
27/08/2020 |
- |
- |
- |
- |
- |
28/08/2020 |
- |
- |
- |
- |
- |
Total |
950 |
0.740 |
|
|
703.00 |
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 1,027,144 treasury shares on 28 August 2020 or 4.3627 % 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 : 480,222 shares
1,027,144 shares
Performances or the ongoing programme
On 27 August 2020 the Board of
Directors decided to terminate the ongoing share buy-back programme as the
objective of EUR 1,000,000 has not been met, even not after the extended term
of another year.
On aggregate, 480,222 treasury
shares have been purchased under this programme for an amount of EUR
420,175.40.
The Board of Directors has not yet
decided upon their utilization.
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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