Berlin, 4 September 2003 – The PSI Board of Executive Directors has decided to buy back up to 141,000 shares of its own stock through the stock exchange. With this decision the Board has decided to use the authorization granted to it in the General Meeting on 12 June 2003 to acquire its own shares taking benefit from the attractive price-book value ratio. This authorization is valid until 11 December 2003.
The aim of buying back shares is to be able to fulfill stock option commitments from the employee stock option plan and acquire shares of businesses as economically as possible.
PSI AG develops and integrates individual solutions, on the basis of its own software, for the management of large networks (electricity, gas, oil, telecommunications, transport), cross-company production management (steel, chemicals, machinery, automotive, logistics) and information management for government and service providers. PSI was founded in 1969 and currently employs 1,250 persons in the group.
