Fabasoft AG (XTRA:FAA) commences share repurchases on October 4, 2023, under the program mandated by the Annual General Meeting held on July 3, 2023. As per the mandate, the company is authorized to repurchase its own shares, representing 10% of the share capital, such shares acquired based on this authorization together with other treasury shares already acquired and still held by the company may not exceed 10% of the company's share capital. The equivalent value permissible at repurchase must not exceed 10% and must not be under 20% of the average price at the close of Xetra trading on the Deutsche Börse AG of the last 5 Stock Exchange trading days prior to the fixing of the purchase price. The purpose behind the repurchase program is issuing them to employees, company executives and members of the Managing Board of the company or an affiliated company. The share repurchase program will expire after 30 months.

On September 27, 2023, the company announced that it will repurchase up to ?2 million worth of shares. The share buyback shall be headed by a bank which decides on the date of the acquisition of the shares independently and without influence by the company. The share buyback program will start on October 4, 2023 and to last until March 31, 2025 at the latest.