Legal basis: art. 17.1 MAR – confidential information
The Management Board of Quantum software SA informs that using the authorizations provided for in § 7 of Resolution No. 19 of the Annual General Meeting adopted on 25th June 2015 decided to terminate with effect from today share buyback carried out under this resolution.
Taking into consideration the current effects of the share buyback and the need to have financial reserves associated with the purchasing process throughout the period of its duration, i.e. until 25th June 2018, it was reasonable to take the decision to terminate the share buyback carried out pursuant to Resolution No. 19 of the Annual General Meeting adopted on June 25, 2015. When deciding on the completion of the purchase of own shares The Board consulted the Supervisory Board, which welcomed the proposal of the Board in this regard.