euro adhoc: SAF AG
Buybacks
Ad-hoc disclosure in accordance with § 15 WpHG
and disclosure according to Art.
4 para. 2 of the regulation (EU) No. 2273/2003 - SAF Simulation, Analysis and
Forecasting AG starts repurchase of own shares
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Company Information/SAF AG
15.10.2008
- SAF Simulation, Analysis and Forecasting AG resolves share buyback to fulfill future employee participation programs
Tägerwilen/Switzerland, October 15, 2008 On October 14, 2008, the Board of Directors of SAF Simulation, Analysis and Forecasting AG (ISIN CH0024848738) resolved and empowered the Executive Management to repurchase up to 107,369 own shares, i.e. up to approx. 2 percent of SAF's share capital. The authorization will be valid for one year starting with the date of the resolution and should be started contemporarily. Conditions are determined currently. The share buyback is carried out for the purpose to fulfill future employee participation programs.
The Company will inform regularly about executed transactions on the Company's webpage (http://www.saf-ag.com) and will be available free of charge at SAF's place of business (SAF Simulation, Analysis and Forecasting AG, Investor Relations, High-Tech-Center 2, Bahnstrasse 1, CH-8274 Tägerwilen, Tel.: +41 (0) 71 666 7000, Fax: +41 (0) 71 666 7940).
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Forward Looking Statements and Estimates This information contains forward looking statements based on assumptions and estimates of SAF's Management Board. Although we assume the expectations in these forward looking statements are realistic, we cannot guarantee they will prove to be correct. The assumptions may harbor risks and uncertainties that may cause the actual figures to differ considerably from the forward looking statements. Factors that may cause such discrepancies include, among other things, risks that are mentioned in the annual report 2007. SAF does not plan to update the forward looking statements, nor does it assume the obligation to do so.
end of announcement euro adhoc
Further inquiry note:
Astrid Strömer
+41 (0)71 666 79 48
astrid.stroemer@saf-ag.com
Branche: Software
ISIN: CH0024848738
WKN: A0JD78
Index: Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade