Heuking advises USU on share buyback

A team led by Capital Markets specialist Dr. Anne de Boer advised USU Software AG on closing its fixed-price public share buyback offer. The company made use of an authorization granted by the ordinary shareholders’ meeting. Heuking advised USU Software AG on structuring and drafting the share buyback offer and on issues relating to capital markets law and stock corporation law.

On August 31, 2022, USU had used its positive half-year result as an opportunity to announce a share buyback offer with an equivalent of up to 5% of the share capital. The acceptance period ran from September 7 to October 5. USU now holds 4.98% of its subscribed capital.

Founded in 1977, USU Software AG specializes in software and service solutions in IT & Customer Service Management with a focus on optimizing workflows and internal networking. The group employs some 750 people worldwide.

Counsel to USU Software AG
Heuking Kühn Lüer Wojtek:
Dr. Anne de Boer, LL.M. (Lead, Capital Markets/Corporate),
Dr. Alexander Schott (Corporate),
Anne-Sophie Karg (Capital Markets), all Stuttgart