Temenos announces launch of share buyback programme Mittwoch, 02. November 2016 - 07:13

GENEVA, Switzerland, 2 November 2016 – Temenos Group AG (SIX: TEMN), the software specialist for banking and finance, today announces that it will launch its share buyback programme on Thursday 3 November 2016.

The Group has received Swiss Takeover Board approval to purchase up to 1,600,000 of its shares for a maximum amount of CHF 99 million (c. USD 100 million). This maximum amount of shares is equivalent to 2.40% of the registered share capital of the company.

The shares will be purchased in the open market between 3 November 2016 and no later than 29 December 2017. The repurchased shares will be used to cover future employee stock ownership plans and/or for potential acquisitions.

Buyback progress and the official buyback notices (French and German) can be found here:

Share buyback 2016