Repurchase of shares in ReadSoft
At the 2009 annual general meeting, the board of directors was authorized to acquire so many own shares before the 2010 annual general meeting that the Company's holding at no time exceeds 5% of all shares in the Company. The board of directors has today resolved to instruct executive management to repurchase a total of up to 1,556,672 shares of serie B on appropriate occasions until the 2010 annual general meeting. The purpose of the repurchasing program is to give the Board of Directors possibility to adjust the company's capital structure and to enable acquisition financing through use of own shares.
The total number of shares in ReadSoft amounts to 32,487,940. ReadSoft presently holds none of its own shares. Acquisition will be made on OMX Nordic Exchange Stockholm at the market value applying on acquisition. For information on the realization of repurchases under this mandate, please refer to www.omxnordicexchange.com on a continual basis. ReadSoft does not intend to issue individual press releases on purchases realized other than when it is under a flagging obligation.
For additional information please contact:
ReadSoftAB
Jan Andersson, CEO, ReadSoft
Phone: +46 708 - 37 66 00
Jan Bertilsson, CFO
Phone: +46 42 - 490 21 43
Jonna Opitz, Vice President, Corporate Communications
Phone: +46 733 - 37 86 68
About ReadSoft
ReadSoft is a leading global provider of software solutions for Document Automation. ReadSoft's software enables companies to automate document processes such as data entry, classification, ERP matching, workflows, e-invoicing etc. The results are faster and less expensive document processing, and increased control. ReadSoft is by far the world's number one choice for invoice automation solutions. Specialized solution labs for SAP, Oracle, Microsoft and Capture processes ensure cutting edge solutions with great customer value. Since the start in 1991, ReadSoft has grown to a worldwide group with operations in 16 countries on five continents and a network of local and global partners. The head office is located in Helsingborg, Sweden and the ReadSoft share is traded on the Nasdaq OMX Nordic Exchange Small Cap list. For more information about ReadSoft, please visit www.readsoft.com.