WithSecure Corporation Finalizes Share Repurchase Initiative
WithSecure Corporation Finalizes Share Repurchase Initiative
WithSecure Corporation has successfully completed its share repurchase program, which allows the company to buy back its own shares. The Board of Directors made this decision utilizing the authorization granted during the Annual General Meeting.
Details of the Share Buyback Program
The buyback program commenced in early March. The company purchased a total of 350,000 shares during this period, with an average price of EUR 0.9104 per share. After these transactions, WithSecure Corporation now holds a total of 431,890 shares, which equates to roughly 0.25% of all outstanding shares, totaling 176,016,849.
Market Compliance
All share purchases were carried out in adherence to relevant regulations, specifically Regulation No. 596/2014 of the European Parliament and Council (MAR), as well as the Commission Delegated Regulation (EU) 2016/1052. The shares were acquired at market rates through trading on Nasdaq Helsinki.
Purpose of Share Repurchase
The shares repurchased will serve specific purposes within the company. These include enhancing share-based incentive plans and bolstering remuneration for board members. This strategic decision reflects the company’s commitment to rewarding its stakeholders and ensuring alignment with shareholder interests.
Contact Information for Inquiries
For further information regarding the repurchase program or other investor-related queries, please reach out to Laura Viita, Vice President of Controlling, Investor Relations and Sustainability at WithSecure Corporation. You can contact her at +358 50 4871044 or via email at Investor-relations@withsecure.com.
Frequently Asked Questions
Why Did WithSecure Corporation Initiate a Share Buyback?
The share buyback program is designed to support employee incentive programs and provide additional compensation for board members, aligning their interests with those of shareholders.
How Many Shares Were Repurchased by WithSecure Corporation?
WithSecure Corporation repurchased 350,000 shares as part of its recent buyback program.
What Was the Average Price per Share During the Buyback?
The average price paid per share during the buyback program was EUR 0.9104.
What Percentage of Total Shares Does the Buyback Represent?
The repurchased shares represent approximately 0.25% of WithSecure Corporation’s total shares, equating to 431,890 shares in total ownership.
Who Can I Contact for More Information?
For more details on the share repurchase program or investor relations, you can reach Laura Viita at WithSecure Corporation via phone or email.
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