Netcompany Expands Share Buyback to Improve Capital Structure
Netcompany's Share Buyback Programme Overview
Recently, Netcompany Group A/S has taken significant steps to manage its capital structure effectively. Announced to the market, the initiative outlines a share buyback programme projected to reach DKK 250 million, aiming to repurchase up to 1,300,000 shares. This proactive move comes as part of their strategy to align with the demands of their share-based incentive programmes.
Execution Details of the Share Buyback
The company has structured the buyback programme to comply with the EU Market Abuse Regulation, ensuring all transactions are conducted prudently and transparently. Scheduled to conclude no later than January 2024, the programme demonstrates a commitment to enhancing shareholder value.
Transactions Summary from January 9 to January 15, 2025
The following details outline the transactions conducted during the week, showing an active engagement in this buyback initiative:
Daily Transaction Breakdown
On January 9, 2025, 1,024 shares were bought at an average price of DKK 341.43, amounting to a transaction value of DKK 349,624. The activity continued with a purchase of 24,000 shares on January 10 at DKK 340.85, totaling DKK 8,180,400.
On January 13, further purchases included 11,090 shares at an average of DKK 337.02, equating to DKK 3,737,578. Following that, January 14 saw an acquisition of 10,931 shares at DKK 334.23, culminating in a transaction of DKK 3,653,511. Lastly, on January 15, 9,067 shares were acquired at an average price of DKK 332.26, contributing DKK 3,012,637 to the overall buyback cost.
Total Accumulated Transactions
In total, for this reporting period from January 9 to January 15, 2025, Netcompany bought back 56,112 shares, accumulating to a total transaction value of DKK 18,933,750. Since the inception of the programme, the cumulative total has reached 668,183 shares with an overall investment of DKK 232,522,516. This indicates a robust approach to share management and an ongoing commitment to supporting the market dynamics.
Upcoming Announcements and Transparency
All share buyback transactions will be reported weekly via Nasdaq Copenhagen. This regular reporting underscores Netcompany's commitment to transparency and accountability in their financial activities.
Current Holdings After Buyback
Post these transactions and the vesting of Restricted Stock Units (RSUs), Netcompany currently holds 2,894,874 treasury shares, reflecting approximately 5.8% of its total share capital. Such measures reiterate the company's strategy to maintain strong control over its financial assets and obligations.
Contact Information for Inquiries
For more information regarding this buyback programme or other inquiries, interested parties are encouraged to reach out to:
Netcompany Group A/S
Thomas Johansen, CFO, +45 51 19 32 24
Frederikke Linde, Head of IR, +45 60 62 60 87
Frequently Asked Questions
What is the purpose of Netcompany's share buyback programme?
The share buyback programme aims to adjust the company's capital structure and meet obligations related to share-based incentive programmes.
How many shares does Netcompany intend to buy back?
Netcompany is set to buy back a maximum of 1,300,000 shares as part of their programme.
When will the buyback programme conclude?
The programme is expected to end no later than January 2024.
How does the share buyback impact shareholders?
The buyback aims to enhance shareholder value by demonstrating the company's commitment to effective capital management.
Who can I contact for more information?
Interested individuals can reach Thomas Johansen, CFO, or Frederikke Linde, Head of IR, at their provided phone numbers for inquiries.
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