Tuesday, March 23, 2010
Repurchase of shares in IFS completed
As communicated in a previous press release related to the repurchase of shares in IFS, IFS AB ("IFS"), (OMX Nordic Exchange: IFS A and IFS B), has completed the repurchase by acquiring 147,501 Series B shares in IFS, which corresponds to approximately 0.6 percent of the total number of shares outstanding in IFS. The board of directors intends to propose to the coming AGM that the repurchased shares be cancelled.
The average price of the repurchased shares was SKr 81.74 per share. The company currently owns 147,501 Series B shares. The total number of outstanding shares in the company of both series is 26,405,422.
IFS is a public company (OMX STO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a component-based extended ERP suite built on SOA technology. IFS focuses on agile businesses where any of four core processes are strategic: service & asset management, manufacturing, supply chain and projects. The company has 2,000 customers and is present in more than 50 countries with 2,700 employees in total. Net revenue in 2009 was SKr 2.6 billion.The information is that which IFS is required to declare by the Securities Business Act and/or the Financial Instruments Trading Act. The information was submitted for publication on March 24, 2009, at 5:20 p.m. CET.