PSI Software AG (XTRA:PSAN) announces a share repurchase program. Under the program, the company will repurchase up to 50,000 shares, representing 0.32% of its issued share capital, for a total of €1.8 million. The shares will not be purchased at a price higher than the higher of the price of the last independent trade and the highest current independent purchase bid on the trading venue where the purchase will be carried out.

The program is aimed at the implementation of employee participation program. The program will terminate on April 30, 2022.