Netcompany Share Buyback Programme Overview
Netcompany Group A/S (“Netcompany”) has initiated a significant share buyback programme aimed at enhancing its capital structure and fulfilling obligations related to share-based incentive programmes. This programme is set to buy back shares worth up to DKK 150 million, encompassing a maximum of 1,000,000 shares. The announcement was made public in mid-August 2024.
Regulatory Compliance
The share buyback programme is being executed in full compliance with the EU Market Abuse Regulation and other relevant legislative provisions. Specifically, Netcompany adheres to EU Regulation no. 596/2014 and the Commission Delegated Regulation (EU) 2016/1052. These guidelines ensure that the buyback operations are conducted legally and transparently, protecting investor interests.
Timeline of the Buyback Programme
This buyback initiative is scheduled to last until the end of October 2024. During this period, updates regarding transactions made under this programme will be disclosed weekly via Nasdaq Copenhagen. Such regular announcements are designed to keep shareholders and market participants informed about the ongoing buyback execution.
Transaction Details
Between August 14 and August 21, 2024, several transactions were conducted under the share buyback programme. As specified, here are the key transactions:
Transaction Breakdown
The following table encapsulates the details of shares bought back during the specified timeframe:
Transaction Date: August 14, 2024, Shares Purchased: 13,000, Average Purchase Price (DKK): 302.78, Total Transaction Value (DKK): 3,936,140.
Transaction Date: August 15, 2024, Shares Purchased: 14,300, Average Purchase Price (DKK): 292.76, Total Transaction Value (DKK): 4,186,468.
Transaction Date: August 16, 2024, Shares Purchased: 15,000, Average Purchase Price (DKK): 295.51, Total Transaction Value (DKK): 4,432,650.
Transaction Date: August 19, 2024, Shares Purchased: 16,000, Average Purchase Price (DKK): 296.18, Total Transaction Value (DKK): 4,738,880.
Transaction Date: August 20, 2024, Shares Purchased: 13,000, Average Purchase Price (DKK): 302.87, Total Transaction Value (DKK): 3,937,310.
Transaction Date: August 21, 2024, Shares Purchased: 13,000, Average Purchase Price (DKK): 300.95, Total Transaction Value (DKK): 3,912,350.
Cumulative Totals
By the end of the reporting period, 84,300 shares were purchased in total, amounting to a cumulative transaction value of 25,143,798 DKK. This illustrates Netcompany's commitment to optimizing shareholder value through strategic share repurchases.
Treasury Shares Ownership
Following the completion of the aforementioned transactions and the vesting of Restricted Stock Units (RSUs), Netcompany currently holds a total of 1,817,409 treasury shares, representing approximately 3.6% of the company's total share capital. This reflects the company's strategic approach to capital management, ensuring that it remains agile while pursuing growth opportunities.
Contact Information
For further inquiries regarding the share buyback programme or other corporate matters, stakeholders can reach out to:
Netcompany Group A/S
Thomas Johansen, CFO, Phone: +45 51 19 32 24
Frederikke Linde, Head of IR, Phone: +45 60 62 60 87
Frequently Asked Questions
What is the purpose of Netcompany's share buyback programme?
The programme aims to adjust the capital structure and meet obligations related to share-based incentive programmes.
How much is Netcompany planning to spend on the share buyback?
The company plans to spend up to DKK 150 million to buy back shares.
How many shares is Netcompany intending to buy back?
Netcompany has set a maximum limit of 1,000,000 shares for the buyback programme.
When will the share buyback programme end?
The share buyback programme is set to conclude no later than the end of October 2024.
How will the market be informed about the transactions?
Transaction details will be announced on a weekly basis through Nasdaq Copenhagen.
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