News and announcements
  • Notice of Annual General Meeting in SimCorp A/S27 February 2015

    In accordance with Article 8 of the Articles of Association, notice is hereby given of the Annual General Meeting of SimCorp A/S to be held on Monday 23 March 2015 at 3:00 pm, in SimCorp A/S, Weidekampsgade 16, 2300 Copenhagen S, Denmark, with the following agenda:

    1. The report of the Board of Directors on the activities of the Company during the past year.

    2. Presentation and adoption of the audited annual report.

    3. The Board of Directors' proposal for the distribution of profits or losses as recorded in the annual
    report adopted by the general meeting.

    4. Election of members to the Board of Directors, hereunder Chairman and Vice Chairman of the
    Board of Directors.

    5. Election of auditors.

    6. Any proposals from the Board of Directors or the shareholders.

    6.A.

    The Board of Directors proposes to amend the Company’s remuneration and incentive policy for the Company’s employees, members of the Board of Directors and the executive management board under section 139 of the Danish Companies Act. The Board of Director’s proposal for an amended remuneration and incentive policy is enclosed hereto.

    6.B.

    It is proposed by the Board of Directors to fix the total remuneration payable to the directors in 2015 and until next Annual General Meeting as follows; remaining un-changed from 2014:

    (i) a cash remuneration to ordinary board members of DKK 250,000, a cash remuneration for the Chairman of the Board of DKK 625,000 whereas the cash remuneration for the Vice Chairman of the Board is DKK 375,000.

    (ii) a total market value of shares allotted to each ordinary board member of DKK 125,000, a total market value of shares allotted to the Chairman of the Board of DKK 312,500 whereas the total market value of shares allotted to the Vice Chairman of the Board is DKK 187,500.

    (iii) that the chairman of the audit committee of the Company in addition to his normal remuneration receives 50% of the annual remuneration equalling a cash remuneration of DKK 125,000 and shares at a total market value of DKK 62,500, and that members of the audit committee of the Company in addition to their normal remuneration receives 25% of the annual remuneration equalling a cash remuneration of DKK 62,500 and shares at a total market value of DKK 31,250.

    (iv) that any social costs associated with the Board of Directors’ and the audit committee’s remuneration is covered by the Company.

    The number of SimCorp shares allotted will be based on a price corresponding to the average price of the SimCorp share in a period of three business days after publication of SimCorp's 2014 annual report. The number of SimCorp shares as calculated will be transferred to the directors at the end of March 2016. The directors must keep the shares for at least one year provided, however, that they remain members of the Board of Directors of SimCorp throughout this period.

    6.C.

    The Board of Directors asks the general meeting to authorise the Board of Directors, in accordance with sections 182-183 of the Danish Companies Act, to approve distribution of extraordinary dividends to the extent that the Company’s and the group’s financial situation warrants it. The extraordinary dividends must be reasonable in relation to the Company’s financial situation, must be in cash and in accordance with the limitations of the Danish Company’s Act.

    6.D.

    The Board of Directors asks the general meeting to authorise the Company, in the period until the next Annual General Meeting, to purchase own shares of a total nominal value of 10% of the Company's share capital, inclusive of the Company’s current holding of own shares, see section 198 of the Danish Companies Act. The consideration may not deviate by more than 10% from the bid price quoted at Nasdaq Copenhagen at the time of acquisition. The bid price quoted at Nasdaq Copenhagen means the closing price - all transactions at 5:00 pm.

    6.E.

    The Board of Director proposes that the Company’s future general meetings may be conducted in English and that documents prepared for the general meetings may also be submitted in English, see section 100 of the Danish Companies Act.

    7. AOB

    SPECIAL VOTING REQUIREMENTS

    The adoption of the resolutions proposed under 6 A, B, C, D and E above requires a simple majority, see article 14 of the Articles of Association and the Danish Companies Act sections 100 and 105.

    SHARE CAPITAL AND VOTING RIGHTS

    The Company’s share capital is DKK 41,500,000 divided into shares of DKK 1 each and multiples thereof. Each share of DKK 1 nominal value entitles the holder to one vote.

    ADMISSION CARD AND PROXY ETC.

    Registration Date:
    A shareholder’s right to participate in the general meeting and the number of votes, which the shareholder is entitled to cast, is determined in accordance with the number of shares held by such shareholder on the registration date. The shareholding of each individual shareholder is determined on the registration date, based on the number of shares held by that shareholder as registered in the register of shareholders and on any notice of ownership received by the Company for the purpose of registration in the register of shareholders. 

    The registration date is 16 March 2015, and only persons who are shareholders on this date and whose shareholding is registered in the register of shareholder or has been notified the Company for the purposes of registration herein are entitled to vote and participate in the general meeting.

    Admission Card:
    A shareholder may participate in the general meeting either personally (with or without an advisor) or by proxy. Shareholders may register electronically for the Annual General Meeting through the Company’s website www.simcorp.com/AGM2015 by logging on to the Investor Portal. It is also possible to register by returning the registration form available at the Company’s website by mail or fax or by contacting SimCorp, Weidekampsgade 16, 2300 Copenhagen S (phone: +45 3544 8800, fax: +45 3544 8811). Registration must take place no later than 19 March 2015. Admission cards will be sent by ordinary mail.

    Proxies and Postal Votes:
    It is possible to vote by proxy, either by issuing a proxy to the Board of Directors or to a third party. A shareholder may issue a proxy through the Company’s website (www.simcorp.com/AGM2015), by logging on to the Investor Portal no later than 19 March 2015.

    In addition a shareholder may vote by postal vote, which can also be done electronically through the Company’s website no later than 20 March 2015.

    A written proxy or postal vote form can also be obtained at the Company’s website or ordered per e-mail to AGM2015@simcorp.com. Further the Company may be advised about the appointment of a proxy by e-mail. When voting by written proxy, the attorney must provide a written and dated power of attorney. A written proxy must be received by the Company no later than 19 March 2015. A written postal vote must be received by the Company no later than 20 March 2015. Postal votes already received by the Company cannot be recalled by the shareholder.

    To ensure identification of any shareholder choosing to exercise his right to vote by proxy or by postal vote (unless this is done by way of the Investor Portal at www.simcorp.com/AGM2015), the proxy or the postal vote must be signed by the shareholder and with capital or printed letters state such shareholder's full name and address. If the shareholder is a legal person, the relevant central business register (CVR) no. or other corresponding identification must also be clearly stated in the proxy and the postal vote. Proxies and postal votes must be sent to the Company, Weidekampsgade 16, 2300 Copenhagen S.

    Miscellaneous:
    Shareholders may in writing submit questions regarding the agenda, documents to be presented at the general meeting or the Company's position in general. Questions can be submitted by way of e-mail to AGM2015@simcorp.com or mail to the address of the Company.

    The following information is available for the shareholders at the Company’s website www.simcorp.com/AGM2015: (i) this notice of Annual General Meeting, (ii) the agenda together with the full text of the proposals, (iii) any documents to be presented at the general meeting, (iv) the aggregate number of shares and votes at the date of notice, and (v) forms to be used by shareholders for voting by proxy or by letter.

    Copenhagen, Friday 27 February 2015

    SimCorp A/S

    On behalf of the Board of Directors

    Enquiries regarding this announcement should be addressed to:
    Klaus Holse, Chief Executive Officer, SimCorp A/S (+45 3544 8802, +45 2326 0000)
    Thomas Johansen, Chief Financial Officer, SimCorp A/S (+45 3544 8800, +45 2811 3828)

    Company Announcement no. 12/2015

     

  • New share buyback program 17 February 2015

    The buyback program is being launched in accordance with the authorization granted by the shareholders at the Annual General Meeting on 31 March 2014 to repurchase up to 10% of the SimCorp’s share capital in the period until the next annual general meeting.

    The buyback program will be structured in compliance with the rules of Commission Regulation No. 2273/2003 of 22 December 2003, which provides protection against violation of insider trading legislation in connection with the execution of the buyback.

    SimCorp has appointed Danske Bank A/S as lead manager of the buyback program for EUR 10.0 million. Under the agreement Danske Bank A/S will purchase shares on behalf of SimCorp and will make its trading decisions independently of, and without influence by, SimCorp.

    The buyback program is subject to the following terms:

    • The purpose of the program is to reduce the share capital of SimCorp and to meet the obligations arising from SimCorp’s incentive scheme
    • Total purchases of own shares will be limited to a total market value of EUR 10.0m
    • Maximum number of shares that can be bought is 500,000 shares of DKK 1 each
    • Execution of the buyback will take place from 23 February to 14 August 2015
    • Maximum number of shares to be purchased in SimCorp per daily market session will be the equivalent to 25% of the average volume of SimCorp shares traded on NASDAQ OMX Copenhagen during the preceding 20 business days
    • During the life of the buyback program no shares will be purchased at a price exceeding the higher of the following two prices on NASDAQ OMX Copenhagen:

                      1.  The price of the last independent trade, and
                      2.  The highest current independent bid


    Details of transactions executed under the buyback program will be publicly disclosed on www.simcorp.com not later than the end of the seventh daily market session.


    Enquiries regarding this announcement should be addressed to:
    Klaus Holse, Chief Executive Officer, SimCorp A/S (+45 3544 8802, +45 2326 0000)
    Thomas Johansen, Chief Financial Officer, SimCorp A/S (+45 3544 8800, +45 2811 3828)

    Company Announcement no. 10/2015

     

  • SimCorp's Annual Report 201416 February 2015

    SimCorp enters 2015 with EUR 168.8m of the 2015 revenue secured, an increase of EUR 11.8m compared with entering 2014. SimCorp expects revenue growth of 5-10% measured in local currencies, and an EBIT margin of between 23% and 26% measured in local currencies. The impact of currency fluctuations is expected to be positive by 3% on reported revenue and 1% on EBIT margin.   

    At the company’s Annual General Meeting, SimCorp’s Board of Directors will suggest that dividend of EUR 24.7m be paid to the company’s shareholders, corresponding to DKK 4.50 per share of DKK 1, an increase of 12.5% over 2013.

    In addition, given there are no specific requirements for liquidity, SimCorp expects to continue to buy back shares in 2015, with the intention to purchase for EUR 10m during the next six months. For the full year SimCorp expects to buy back shares for a total value of EUR 20m.

    The full annual report has been submitted to NASDAQ OMX Copenhagen A/S in pdf. The annual report is also available for download from SimCorp’s website www.simcorp.com.

    Klaus Holse, SimCorp CEO comments: “The last quarter of 2014 confirmed the viability of SimCorp´s solutions as additional licenses increased to the highest level for one single quarter ever. In total SimCorp signed 12 new clients in 2014, of which 8 were on the SimCorp Dimension platform, and despite the lack of new SimCorp Dimension orders from North America, SimCorp grew revenue by 7.6% in local currencies – an achievement of which we are proud. We remain confident that our growth strategy and continued focus on our customers through world class product offerings will lead to double digit growth rates for SimCorp.”


    Investor meeting
    SimCorp’s Executive Management Board will present the annual report at an investor presentation to be held on Tuesday 17 February 2015 at 9:00 a.m. (CET) at the company’s headquarters, Weidekampsgade 16, 2300 Copenhagen S. The meeting will be open to the public, and a live webcast of the presentation can be followed via this link, where it will be possible to ask questions online: http://edge.media-server.com/m/p/i7btop3r.


    Enquiries regarding this announcement should be addressed to
    :
    Klaus Holse, Chief Executive Officer, SimCorp A/S (+45 3544 8802, +45 2326 0000) or
    Thomas Johansen, Chief Financial Officer, SimCorp A/S (+45 3544 6858, +45 2811 3828)

    Company Announcement no. 09/2015

     

  • Share buyback program completed16 February 2015

    In connection with the program SimCorp A/S would repurchase shares for an amount of up to EUR 10.0m (approx. DKK 74.6m) in the period from 2 September 2014 to 13 February 2015.

    The following transactions have been executed under the program:

    Date                

     

    Number of shares

    Average purchase price (DKK per share)

    Amount (DKK)

    Accumulated under the program as of last announcement:

    444,975

    165.80

    73,774,713

    6 February 2015

    700

    187.89

    131,523

    9 February 2015

    500

    189.70

    94,850

    10 February 2015

    700

    193.50

    135,450

    11 February 2015

    1,000

    195.58

    195,580

    12 February 2015

    800

    195.63

    156,504

    13 February 2015

    500

    195.83

    97,915

    Accumulated under the program following above purchases:

    449,175

    166.05

    74,586,535

    Following above purchases, SimCorp holds 1,023,402 treasury shares corresponding to 2.47% of the share capital.

    During the period September 2014 to February 2015 SimCorp has repurchased a total of 449,175 shares equal to a transaction value of EUR 10.0m (DKK 74.6m), and the share buyback program is hereby completed.


    Enquiries regarding this announcement should be addressed to:
    Klaus Holse, Chief Executive Officer, SimCorp A/S (+45 3544 8802, +45 2326 0000)
    Thomas Johansen, Chief Financial Officer, SimCorp A/S (+45 3544 8800, +45 2811 3828)

    Company Announcement no. 8/2015

     

  • SimCorp Dimension release 5.7 further bolsters the front office suite11 February 2015

    SimCorp has released SimCorp Dimension version 5.7, the first of its two annual software releases.

    Following the financial crisis, global investment managers are increasingly looking towards consolidation in the front office, with the aim of meeting regulatory requirements, ensuring higher returns and reducing risk. Among several new functional enhancements in the front office, SimCorp Dimension makes it possible to monitor and control risk against external parties as well as enable restrictions of the combined risk tolerance from holdings, unsettled transactions, cash, and OTC trades. 

    Another important and unique update in release 5.7 is the new data warehouse model, which provides a standard industry model, completely maintained by SimCorp. Compared to other solutions, SimCorp’s data warehouse is easier, faster and more cost-efficient to implement and maintain. Data management and reporting are major concerns of investment managers who are struggling to meet regulatory requirements and gain real-time overview of the business.

    Other noteworthy aspects of version 5.7 include:

    • Tighter integration between the front office and the IBOR allowing users access to near-real-time data on their positions and exposure
    • New functionality to support sophisticated performance analytics in the middle office, front office or both
    • Four new dashboards for front office and middle office providing improved overview
    • Comprehensive US tax lot functionality
    • A Thomson Reuters interface covering static data and prices for multiple instrument types

    As one of few independent software companies SimCorp continues to invest substantial resources in R&D, and annually more than 20% of revenue is invested in new developments, including additional features and functionality.

    “Our ongoing investment in R&D allows us to support our clients managing the numerous requirements and obligations of today’s financial industry,” says Klaus Holse, Chief Executive Officer at SimCorp. “With this latest release we are able to further support the vast data management challenge our clients are facing – not to mention the multiple benefits of combining the data warehouse and the IBOR to truly provide a comprehensive overview of the business.”  

    An on-demand presentation of the highlights of SimCorp Dimension Release 5.7 is available by visiting: http://www.simcorp.com/Release-5-7/highlights

    The next version of SimCorp Dimension will be released in August 2015.

    Enquiries regarding this announcement should be addressed to: 
    Rikke Dalager, SimCorp Corporate Communications (+ 45 3544 8800)


SimCorp's Annual Report 2014Read about our performance for 2014 and our plans for 2015.Download
Stock Chart
Stay UpdatedReceive email notifications about press releases, company announcements, and stock exchange info.Sign up
InvestorPortalReceive information about activities and investment news.Sign up here
Contact Investor RelationsThomas Johansen
Chief Financial Officer

+45 3544 6858
Send Email