GK Software AG opts for share buy-back programme in 2016

Schöneck, (PresseBox) - GK Software AG (ISIN DE0007571424) is launching a share buy-back programme. The Management Board decided to adopt the repurchase programme at its meeting today. The authorisation to purchase company shares according to Section 71 Paragraph 1 Number 8 of the German Joint Stock Companies Act is based on the decision taken at the annual shareholders’ meeting on 18 June 2013. The programme initially runs until 30 June 2016.

The shares may be used for all the purposes named in the authorisation adopted by the main shareholders’ meeting on 18 June 2013, which forms the basis for the decision to go ahead with the programme. They particularly include the use of the shares as a financial offset when purchasing companies and using them as part of the share option programme. GK Software and its subsidiaries did not hold any of the company shares on the reporting date of 1 February 2016.

The purchase price per share (excluding any ancillary acquisition expenses) may not exceed or fall below the stock market price for the company’s shares on the XETRA trading system at the Frankfurt Stock Exchange by more than 10%, as determined by the opening auction.

Here are the key points relating to the share buy-back programme:


The repurchase of GK Software AG (ISIN DE0007571424) no-par shares made out to the bearer
The purchase of company shares with a total value of up to EUR 200 K (excluding any ancillary acquisition expenses)
The purchase shall take place through the stock exchange
The buy-back shall be handled by a bank commissioned by the company and in accordance with Articles 4 – 6 of the Order (EC) no. 2273/2003 of the Commission dated 22 December 2003 and the rules of the German Joint Stock Companies Act and the German Securities Trading Act. The Management Board would specifically point out according to Article 5 Paragraph 3 of the Order that the threshold value of 25% of the average daily share trading according to Article 5 Paragraph 2 of the Order may be exceeded during the implementation of the buy-back programme.
The programme is being launched on 3 February 2016 and shall end on 30 June 2016 at the very latest.

GK Software AG

GK Software AG is a leading developer and provider of standard software for the retail sector, and currently counts 20 percent of the world's 50 largest retailers among its customer base. The company offers an extensive range of solutions for stores and enterprise headquarters as well as for the implementation of contemporary omni-channel retail concepts. Thanks to its open and platformindependent software solutions in the GK/Retail Suite, the company has established itself as one of the market's leading providers of technology and innovations. Its solutions enable retail chains with numerous stores to optimize their business processes and to benefit from significant potential for saving costs and implementing customer loyalty programs in order to improve their competitiveness. In addition to its own software solutions, GK Software AG also offers customers a comprehensive range of implementation and maintenance services. Having been acquired in 2013, AWEK GmbH and in 2015, the retail segment of DBS Data Business Systems Inc.

The company employs 729 members of staff (figures for 30 September 2015) across its headquarters in Schöneck (Germany) and other business locations in Germany, Czech Republic, Switzerland, South Africa, Russia and the USA. GK Software AG's customers include many well-known retailers from both Germany and beyond, including Galeria Kaufhof, Parfümerie Douglas, Coop (Switzerland), EDEKA, Hornbach, JYSK Nordic, Lidl, Loblaw, Migros, Netto Marken-Discount and Tchibo. The software is currently being used at 212,000 installations across approximately 38,500 stores in more than 41 countries. The company has grown rapidly in recent years and its sales revenues totaled EUR 44.6 million in 2014. Since launching the company in 1990, the two founders Rainer Gläß (CEO) and Stephan Kronmüller (deputy board member), together with the experienced management team, have shaped GK Software AG into a profitable company exhibiting strong growth.

Further information about the company: http://www.gk-software.com

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