Temenos Buy Back Programme
25 July 2007
GENEVA, Switzerland – 26 July 2007 - TEMENOS Group (SWX: TEMN), the provider of integrated core banking systems, today announced that it has successfully completed its share buy back program of CHF 20 million launched on 28 February 2007; during this program TEMENOS has bought back 761’100 shares representing 1.31% of its registered share capital. Since the beginning of 2007, TEMENOS bought back shares for a total consideration of approximately USD 32 million (CHF 38.9 million) at an average price of CHF 23.6. As of today, almost all of those shares have been used to cover options exercised by TEMENOS employees.
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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