Netcompany Group A/S Launches Share Buyback Program Details

Overview of Netcompany's Share Buyback Program

Netcompany Group A/S is making significant strides in capital management with the initiation of a share buyback program. This move aims to enhance the company's capital structure while addressing obligations related to share-based incentive programs.

Details of the Buyback Initiative

On the announcement, it was revealed that the share buyback program would involve a total of DKK 150 million and could encompass up to 1,000,000 shares. This strategic decision reflects the company's commitment to effectively managing its capital resources and ensuring shareholder value.

Compliance with Regulatory Standards

The execution of this program adheres to the EU Market Abuse Regulation, specifically EU Regulation no. 596/2014, and conforms to the provisions of the Commission Delegated Regulation (EU) 2016/1052. The adherence to these regulations, known as the 'Safe Harbour Regulation,' allows for a structured and compliant approach to the share buyback exercises. The duration of the program is set to conclude no later than 29 October 2024.

Transaction Details

Transactions under this program are conducted transparently, with results being announced on a weekly basis through Nasdaq Copenhagen. Between 29 August 2024 and 5 September 2024, several key transactions were executed, contributing considerably to the overall share buyback effort:

Share Transactions: August to September 2024

The following transactions took place during the specified period:

• Date: 29-08-2024, Shares: 10,000, Price (DKK): 307.16, Total Value (DKK): 3,071,600
• Date: 30-08-2024, Shares: 9,000, Price (DKK): 305.80, Total Value (DKK): 2,752,200
• Date: 02-09-2024, Shares: 8,000, Price (DKK): 303.87, Total Value (DKK): 2,430,960
• Date: 03-09-2024, Shares: 9,000, Price (DKK): 303.69, Total Value (DKK): 2,733,210
• Date: 04-09-2024, Shares: 14,000, Price (DKK): 293.74, Total Value (DKK): 4,112,360
• Date: 05-09-2024, Shares: 14,000, Price (DKK): 293.97, Total Value (DKK): 4,115,580

In total, the accumulated shares for this period amounted to 64,000, with a transaction value of DKK 19,215,910. Cumulatively, under the buyback program, Netcompany has purchased 211,300 shares, with a total value of DKK 63,315,348.

Impact of Share Transactions

As a result of these transactions and the vesting of Restricted Stock Units (RSUs), Netcompany now holds a total of 1,944,409 treasury shares, which accounts for 3.9% of the total share capital. This strategic repurchase reinforces the confidence the company has in its future growth and financial stability.

Contact Information for Inquiries

For further details regarding the share buyback program, stakeholders and interested parties can reach out to the following:

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 Netcompany's share buyback program?

The share buyback program initiated by Netcompany aims to repurchase up to DKK 150 million worth of shares, enhancing the company's capital structure.

How does Netcompany ensure compliance during the buyback?

The buyback program adheres to the EU Market Abuse Regulation and the Safe Harbour Regulation to ensure transparent and compliant transactions.

What were the transaction values during the recent period?

In the latest transactions, Netcompany bought back shares worth a cumulative total of approximately DKK 19,215,910 from 29 August to 5 September 2024.

What percentage of shares does Netcompany own after the buyback?

After the buyback and vesting of RSUs, Netcompany owns 1,944,409 treasury shares, accounting for 3.9% of the total share capital.

Who can I contact for more information about the share buyback?

For inquiries, you can contact Thomas Johansen or Frederikke Linde at Netcompany Group A/S using the provided phone numbers.

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