Temenos announces further share purchases by senior management
01 June 2005
GENEVA, Switzerland - TEMENOS Group AG (SWX: TEMN), a provider of integrated core banking systems, today announces further share purchases by a member of its senior management.
In compliance with TEMENOS corporate governance standards and to enhance transparency to the market, TEMENOS discloses that a total of 30,000 TEMENOS shares at an average price of CHF 7.0 were acquired during the month of May 2005, for a total consideration of CHF 210,000.
By doing so, TEMENOS precedes the entry into force of the Management Transactions Directive from the SWX Swiss Exchange, scheduled for 1st July 2005, which will oblige the issuers to report transactions in Company’s own equity securities, concluded by members of the Board of Directors and/or members of senior management.
-ENDS-
About Temenos
Founded in 1993, Temenos Group AG is a provider of integrated modular core banking systems to over 590 financial institutions in 110 countries worldwide. Temenos software provides banks with a single, real-time view of the client across the enterprise, enabling banks to maximize returns while streamlining costs. Whether providing 24/7 functionality to the wholesale, retail and private or universal banking sectors, partnering with central banks on core system replacement, or working with the World Bank on solutions for the emerging markets, Temenos knows banking. The company has a transparent approach to its operations and brings to bear its experience, expertise, commitment and professionalism on every project. Headquartered in Geneva, Switzerland, the company has 43 offices in 33 countries and is listed on the main segment of the SWX Swiss Exchange (TEMN). For more information please visit www.temenos.com
For more information, contact:
Max Chuard
Temenos Director
Corporate Finance & IR
Member of the Executive Board
Tel: +41 (0) 22 708 1157
Email: mchuard@temenos.com
Ben Robinson
Temenos Investor Relations Manager
Tel: +44 (0) 207 290 3012
Email: brobinson@temenos.com
Bianca Morgan
Temenos PR Manager
Tel: +44 (0) 207 423 3751
Email: bmorgan@temenos.com
Chris Patmore
Team 660
Metia for TEMENOS
Tel: +44 (0) 20 3100 3596
Email: chris.patmore@metia.com