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Temenos announces launch of a USD 250 million share buyback programme

GENEVA, Switzerland, 22 May 2018 – Temenos AG (SIX: TEMN), the banking software company, today announces that it will commence its share buyback programme, as proposed in its press release of 20th April 2018.


Temenos AG has received Swiss Takeover Board approval to purchase up to 2,100,000 of its shares for a maximum amount of USD 250 million, equivalent to CHF 250 million. This maximum amount of shares is equivalent to 2.96% of the registered share capital of the company.

The shares will be purchased in the open market between 23 May 2018 and no later than 30

December 2019. The repurchased shares will be used for potential acquisitions and/or to cover future employee stock ownership plans.

Buyback progress and the official buyback notices (French and German) can be found here:

2018 Share Buyback


Investor and media contacts

Investors

Adam Snyder

Head of Investor Relations, Temenos
Tel: +41 (0) 22 708 1515
Email: [email protected]

 

Media

Haya Herbert-Burns

Teneo for Temenos
Tel: +44 203 757 9257
Email: [email protected]