Overview of Netcompany's Share Buyback Program
Netcompany Group A/S is taking important steps in capital management by launching a share buyback program. This initiative is designed to improve the company's capital structure while fulfilling commitments related to share-based incentive programs.
Details of the Buyback Initiative
Upon its announcement, it was disclosed that the share buyback program would involve a total of DKK 150 million, potentially covering up to 1,000,000 shares. This strategic choice demonstrates the company's dedication to managing its capital resources effectively and maximizing shareholder value.
Compliance with Regulatory Standards
The implementation of this program complies with the EU Market Abuse Regulation, specifically EU Regulation no. 596/2014, and aligns with the provisions of the Commission Delegated Regulation (EU) 2016/1052. By adhering to these regulations, often referred to as the 'Safe Harbour Regulation,' Netcompany ensures a structured and compliant approach to its share buyback activities. The program is set to conclude no later than 29 October 2024.
Transaction Details
Transactions under this program are carried out transparently, with results announced weekly through Nasdaq Copenhagen. Between 29 August 2024 and 5 September 2024, several important transactions were completed, significantly contributing to the overall share buyback effort:
Share Transactions: August to September 2024
During this period, the following transactions occurred:
- 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, 64,000 shares were acquired during this timeframe, with a transaction value of DKK 19,215,910. Cumulatively, under the buyback program, Netcompany has repurchased 211,300 shares, amounting to 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 represents 3.9% of the total share capital. This strategic repurchase underscores the company's confidence in its future growth and financial stability.
Contact Information for Inquiries
For more information about the share buyback program, stakeholders and interested parties can 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 Netcompany's share buyback program?
Netcompany's share buyback program is designed to repurchase shares worth up to DKK 150 million, which will help enhance the company's capital structure.
How does Netcompany ensure compliance during the buyback?
The buyback program follows the EU Market Abuse Regulation and the Safe Harbour Regulation to guarantee that all transactions are transparent and compliant.
What were the transaction values during the recent period?
In the recent transactions, Netcompany repurchased shares totaling 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 the vesting of RSUs, Netcompany holds 1,944,409 treasury shares, which is 3.9% of the total share capital.
Who can I contact for more information about the share buyback?
For inquiries, you can reach out to Thomas Johansen or Frederikke Linde at Netcompany Group A/S using the provided phone numbers.
