IAR Systems launches sale of treasury shares

Uppsala, Monday, May 28, 2012

The Board of IAR Systems has decided that under the authorization by the AGM on 24 April 2012, giving senior management a mandate to dispose of treasury shares of series B.

The disposal must be made on the NASDAQ OMX Stockholm at the prevailing market price prevailing at each particular time interval. The disposal can take place from May 28, 2012 and until the next AGM. The maximum number of B shares to be divested is 300 000.

The purpose of the sale is to fund additional consideration for the acquisition of Signum Systems Corp. The disposal of treasury shares is also expected to result in an increased institutional ownership base and improve liquidity in the share price.

IAR Systems Group AB currently owns 634 600 Class B shares, representing 5.4% of the total shares in the company.

Stefan Skarin,  CEO,  IAR Systems Group AB

mobile: +46 708 65 10 05
email stefan.skarin@iar.com
Peter Larsson Chairman of the board,  IAR Systems Group AB
mobile: +46 708 32 72 68
email: peter.larsson@episerver.com

IAR Systems, founded in 1983, is one of the world's leading providers of software for programming of processors in embedded systems. The company's development tools are used by more than 14,000 companies to program processors that control products in the areas of industrial automation, medical devices, consumer electronics, telecommunications, automotive products, etc.

IAR Systems brings value to organizations that develop embedded products. We provide the tools and services that make embedded software development fast, efficient and reliable. This enables our customers across the globe to deliver better products faster to their markets.

IAR Systems Group is listed on NASDAQ OMX, under ticker IAR.

About Us

Our customers build products of today and technology for future innovations. We are proud to be part of that. IAR Systems is the world’s leading independent provider of software for programming of processors in embedded systems. IAR Systems’ software is used by many of the world’s largest corporations, as well as thousands of small and medium-sized companies, mainly operating in industrial automation, medical technology, telecommunications, consumer electronics and the automotive industry. IAR Systems Group AB is listed on the Mid Cap list of Nasdaq Stockholm.


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