Profile Systems & Software SA commences an Equity Buyback Plan for 1,000,000 shares, under the authorization approved on May 7, 2020.

Profile Systems & Software SA (ATSE:PROF) commences share repurchases on June 4, 2020, under the program mandated by the shareholders in the Ordinary General Meeting held on May 7, 2020. As per the mandate, the company is authorized to repurchase up to 1,000,000 shares. The shares will be repurchased at a market price range of minimum € 0.50 per share and maximum € 8 per share. The authorization will expire on May 7, 2022.