M?glingen, August 31, 2022 -?On the basis of the positive figures for the first half of 2022, the Management Board of USU Software AG (ISIN DE000A0BVU28) has today resolved, with the approval of the Supervisory Board, to make the company?s shareholders a public share buyback offer for up to 523,770 of the company?s shares (around 5% of the share capital) at a set price of EUR 18,75 per share (ISIN DE000A0BVU28). The offer price of EUR 18,75 is equivalent to a premium of around 10% based on the arithmetic average of the price of the company?s shares in the closing auction in Xetra trading on the Frankfurt stock exchange over the last ten trading days before the publication of this decision to make a public tender offer. USU Software AG is thus exercising the authorization to acquire its own shares that was resolved by the company?s Annual General Meeting on June 26, 2020. The repurchased shares can be used for the purposes stipulated in the authorization resolution. The offer period is due to begin on September 7, 2022 at 00:00 a.m. (CET) and end at midnight/12:00 p.m. (CET) on October 5, 2022. The offer document will be published in the Federal Gazette on September 7, 2022, from which date it will also be available on the company?s website. Contact: USU Software AG Investor Relations Falk Sorge Spitalhof D-71696 M?glingen Tel.: +49 (0) 71 41 - 48 67 351 Fax: +49 (0) 71 41 - 48 67 108 E-Mail: email@example.com USU Software AG Corporate Communications Dr. Thomas Gerick Tel.: +49 (0) 71 41 - 48 67 440 Fax: +49 (0) 71 41 - 48 67 909 E-Mail: firstname.lastname@example.org
Information and Explanation of the Issuer to this announcement:USU increased its consolidated sales by approximately 15% to EUR 30.7 million and its EBITDA by more than 9% to EUR 3.8 million (Q2/2021: EUR 3.5 million) in the second quarter of 2022 alone. Over the first half of the year, USU?s consolidated sales rose by approximately 12% to EUR 60.3 million (Q1-Q2/2021: EUR 53.9 million) while its EBITDA grew by more than 9% to EUR 7.3 million (Q1-Q2/2021: EUR 6.7 million). The USU Group?s liquidity also increased to EUR 26.3 million as of June 30, 2022 (December 31, 2021: EUR 24.3 million). Furthermore, thanks to a large number of new and follow-up orders, USU set a new record for orders on hand of EUR 78.3 million as of the end of the second quarter of 2022 (June 30, 2021: EUR 66.2 million).
31-Aug-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Archive at www.dgap.de
Language: English Company: USU Software AG Spitalhof 71696 M?glingen
Germany Phone: +49 (0)7141 4867-0 Fax: +49 (0)7141 4867-200 E-mail: email@example.com Internet: www.usu-software.de ISIN: DE000A0BVU28 WKN: A0BVU2 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1431829 ? End of Announcement DGAP News Service