USU Software AG:
Summary
The purchase price is paid in accordance with item 3.4 of the offer documentation in exchange for transfer of the USU shares tendered for buy-back and is expected to be completed on October 13, 2022. In accordance with the Annual General Meeting resolution from June 26, 2020 and in the interests of our shareholders, we can use the repurchased shares for acquisitions, as part of a participation program for our staff or recall them,” explained Bernhard Oberschmidt, CEO of USU Software AG. “Even after the share buyback, USU has high free liquidity with no bank liabilities and is generating positive cash flows. Global organizations use our solutions to cut costs, become more agile and reduce risks – with smarter services, simpler workflows and better collaboration. : +49 (0) 71 41 - 48 67 440 Fax: +49 (0) 71 41 - 48 67 909 E-Mail: thomas.gerick@usu.com USU Software AG Investor Relations Falk Sorge Spitalhof D-71696 Möglingen Tel.
Classifications
AskAI Classifications
LabelsLinked Companies
