GENEVA, Switzerland – 24 October 2013 – on 22 October 2013, Temenos (SIX: TEMN), the market leading provider of mission critical software to the banking industry, reported its third quarter 2013 results and announced the early termination of its share buyback programme in a single press release.
Having repurchased USD 54m of shares, the 2013 share buyback programme initiated on 18 June 2013 is now complete. In total, 2,134,786 registered shares of the company were bought back at an average price per share of CHF 23.44 on a second trading line on the SIX Swiss Exchange. These shares represent 2.96% of the company’s share capital. All shares repurchased under the buyback program will be proposed for cancellation in a capital reduction at the AGM in 2014.