Netcompany Group A/S Enhances Capital Structure with Share Buyback
Netcompany Group's Share Buyback Initiative
In a strategic move aimed at refining its capital structure, Netcompany Group A/S has launched a share buyback program that could amount to DKK 250 million, encompassing up to 1,300,000 shares. This program is designed to meet obligations related to share-based incentive practices that benefit its dedicated team members.
Purpose of the Share Buyback Program
The primary purpose of initiating this share buyback program is to enhance the overall capital structure of Netcompany. By repurchasing shares, the company is taking decisive steps to manage its equity effectively, maximizing shareholder value while fulfilling its commitments to employee incentives.
Regulatory Framework
This initiative adheres to the EU Market Abuse Regulation, specifically EU Regulation no. 596/2014, which governs such financial actions. The buyback will also comply with the provisions set forth in Commission Delegated Regulation (EU) 2016/1052 to ensure the program operates within a safe harbor framework. The completion of this buyback program is expected no later than January 24, 2024, showcasing the company's commitment to both regulatory compliance and strategic financial management.
Recent Transactions
The company has reported several transactions executed under the buyback program during the period from January 16 to January 22, 2025. Below is a summary of these purchases:
- On January 16, 2025, the company acquired 1,309 shares at an average price of DKK 338.60, totaling DKK 443,226.
- On January 17, 2025, a larger purchase was made, obtaining 20,000 shares at DKK 336.80 each, amounting to DKK 6,735,980.
- On January 20, 2025, 5,100 shares were purchased at an average price of DKK 337.21, resulting in a transaction value of DKK 1,719,779.
- The following day, 3,583 shares were bought at DKK 333.80, adding up to DKK 1,195,998.
- Finally, on January 22, 2025, 10,737 shares were acquired for DKK 340.25 each, equating to DKK 3,653,264.
In total, these transactions account for a buyback of 40,729 shares, representing a substantial investment into the firm's own equity, amounting to DKK 13,748,248 within just a few days.
Overall Impact
As a result of the share buyback activities and the vesting of restricted stock units (RSUs), Netcompany currently holds a total of 2,935,603 treasury shares. This represents approximately 5.9% of the company’s total share capital, reflecting the company’s strong focus on resource management and shareholder returns.
Contact Information
For those seeking more details regarding the share buyback program or additional inquiries, Netcompany Group A/S can be contacted directly:
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 the share buyback program by Netcompany?
The share buyback program aims to adjust the company's capital structure and fulfill obligations related to share-based incentives.
How much money is allocated for the share buyback?
Netcompany has set aside up to DKK 250 million for the share buyback program, which encompasses a maximum of 1,300,000 shares.
When is the buyback program expected to end?
The buyback program is projected to conclude no later than January 24, 2024.
How many shares have been bought back recently?
During the recent transactions from January 16 to January 22, 2025, Netcompany bought back a total of 40,729 shares.
Who can be contacted for more information on the program?
Inquiries can be directed to Thomas Johansen, CFO, or Frederikke Linde, Head of IR, at Netcompany Group A/S.
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