On 27 February 2013, SimCorp A/S announced a share buyback program in accordance with the provisions of Commission Regulation No. 2273/2003 of 22 December 2003, also referred to as the “Safe Harbour”.

In connection with the program SimCorp A/S will repurchase shares for an amount of up to EUR 25.0m (approx. DKK 186.5m) in the period from 28 February to 26 August 2013.

Since the last announcement the following transactions have been executed under the program:

Following above purchases, SimCorp holds 1,195,993 treasury shares corresponding to 2.75% of the share capital.

Purchases for an amount of EUR 9.3m (approx. DKK 69.4m) remain to be executed under the program.

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 6858, +45 2811 3828)

Company Announcement no. 36/2013

On 27 February 2013, SimCorp A/S announced a share buyback program in accordance with the provisions of Commission Regulation No. 2273/2003 of 22 December 2003, also referred to as the “Safe Harbour”.

In connection with the program SimCorp A/S will repurchase shares for an amount of up to EUR 25.0m (approx. DKK 186.5m) in the period from 28 February to 26 August 2013.

Since the last announcement the following transactions have been executed under the program:

Following above purchases, SimCorp holds 1,153,131 treasury shares corresponding to 2.65% of the share capital.

Purchases for an amount of EUR 10.3m (approx. DKK 76.9m) remain to be executed under the program.

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 6858, +45 2811 3828)

Company Announcement no. 35/2013

SimCorp today released the findings of a poll conducted in March. Respondents included nearly 60 executives from 34 capital market firms from around the world.  

With regulations like Dodd-Frank and EMIR aiming to increase transparency and market efficiency in over-the-counter (OTC) derivatives trading, the poll asked respondents whether or not their firms are ready to centrally clear interest rate swaps (IRS) and credit default swaps (CDS). While 41% answered yes, a 53% majority answered no.

According to Paul Rowady, Senior Analyst at TABB Group, “The fact that most investment management firms are not prepared for central clearing is not surprising. This is rooted in an overreliance on legacy and fragmented portfolio management systems which makes it difficult for firms to get the most basic information on the state of their business. Without the right technology in place, asset managers will continue to struggle, especially considering how OTC derivatives reform is only the first step in what will likely be a continuing overhaul of how firms address all securities and manage their exposures across an enterprise.”

When asked to share the largest challenges in processing derivatives, respondents cited cost, collateral management, intraday reporting, systems integration and regulatory compliance.

“Derivatives are complex instruments. Therefore, state-of-the art systems with accurate collateral forecasting, consolidated positioning-keeping to facilitate intraday reporting and automated workflows to support the entire trade lifecycle are absolutely essential for investment managers dealing with the tsunami of new regulations,” explains David Kubersky, Managing Director of SimCorp North America. “At SimCorp, our core focus is on improving the competitiveness of investment managers, so we annually invest more than 20% of our revenue in research and development in order to constantly improve our solution, leverage the latest technologies and help our clients earn an attractive rate of return on investment in a constantly evolving, extremely challenging marketplace.”

- - -

Enquiries regarding this announcement should be addressed to:
Susan Peter,  SimCorp North America, +1 917 546 4654

On 27 February 2013, SimCorp A/S announced a share buyback program in accordance with the provisions of Commission Regulation No. 2273/2003 of 22 December 2003, also referred to as the “Safe Harbour”.

In connection with the program SimCorp A/S will repurchase shares for an amount of up to EUR 25.0m (approx. DKK 186.5m) in the period from 28 February to 26 August 2013.

Since the last announcement the following transactions have been executed under the program:

Following above purchases, SimCorp holds 1,114,940 treasury shares corresponding to 2.56% of the share capital.

Purchases for an amount of EUR 11.2m (approx. DKK 83.6m) remain to be executed under the program.

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 6858, +45 2811 3828)

Company Announcement no. 34/2013

As announced on 22 May 2013 in connection with the release of SimCorp’s financial results for the first quarter of 2013, SimCorp has decided to change the trading denomination of the share from DKK 10 per share to DKK 1 per share. The share is listed on Nasdaq OMX Copenhagen A/S.

The new share issued as a result of the change in the trading nomination will be of the same type and class as the original share. The new securities identification code for the SimCorp share listed on Nasdaq OMX Copenhagen A/S will be ISIN code DK0060495240 (previous ISIN code DK0016026164). The ticker code will remain SIM.

The last day of trading in the old share will be 31 May 2013, and the first day of trading in the new share will be 3 June 2013.

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. 33/2013