Hybrid Software Group announces share repurchase programme
11 December 2024 - 4:00AM
PRESS RELEASE – REGULATED INFORMATION
HYBRID SOFTWARE GROUP ANNOUNCES SHARE REPURCHASE
PROGRAMME
Cambridge (UK), 10 December 2024 (18.00
CET): Hybrid Software Group PLC (Euronext: HYSG) is pleased to
announce that its Board of Directors has authorised a share
repurchase programme with immediate effect. Under this programme,
the company plans to repurchase common shares for a total amount of
€1 million. The programme reflects the company's commitment to
returning capital to shareholders while maintaining flexibility for
future growth initiatives and market opportunities.
Commenting on the announcement, Guido Van der
Schueren, Chairman of the Board, said, "We believe that our current
stock price does not fully reflect the intrinsic value of our
business and represents an attractive investment opportunity. The
share repurchase programme underscores our confidence in the
company's financial strength while creating long term shareholder
value.”
Hybrid Software Group PLC intends to fund the
share repurchase programme using existing cash balances on hand.
The share repurchases may be made from time to time on the open
market or through privately negotiated transactions, depending on
market conditions, share price, and other factors, with the timing
and amount of repurchases to be determined by management.
The programme is expected to be executed over
the next 12 to 24 months. The programme will be executed by a
financial intermediary in compliance with applicable rules and
regulations, including the Market Abuse Regulation 596/2014 and the
Commission Delegated Regulation (EU) 2016/1052, and based on the
authority granted by the Annual General Meeting of shareholders on
8 May 2024.
About Hybrid Software GroupThrough its operating
subsidiaries. Hybrid Software Group PLC (Euronext: HYSG) is a
leading developer of enterprise software for industrial print
manufacturing. Customers include press manufacturers such as HP,
Canon, Durst, Roland, Hymmen, and hundreds of packaging printers,
trade shops, and converters worldwide.
Hybrid Software Group PLC is headquartered in Cambridge UK. Its
subsidiary companies are colour technology experts ColorLogic,
printing software developers Global Graphics Software, enterprise
software developer HYBRID Software, 3D design and modelling
software developers iC3D, the industrial printhead driver solutions
specialists Meteor Inkjet, and pre-press workflow developer
Xitron.
Contacts
Floris De
Ruyck |
Legal Counsel &
Investor Relations Officer |
Tel: +32 (0) 9 329 57 53 |
Email: florisdr@hybridsoftware.group |
- 2024-12-10 Share Buyback Announcement
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