Netcompany Launches Share Buyback Programme
Company announcement
On August 14, 2024, Netcompany Group A/S (“Netcompany”) revealed that it is starting a significant share buyback programme, with a budget of up to DKK 150 million. The aim is to repurchase a maximum of 1,000,000 shares. This strategic initiative is designed to enhance the company's capital structure and meet obligations related to share-based incentive plans.
Compliance with Regulations and Programme Duration
The share buyback programme complies with the EU Market Abuse Regulation, specifically EU Regulation no. 596/2014, which was established on April 16, 2014. It also adheres to the guidelines set forth in the Commission Delegated Regulation (EU) 2016/1052 from March 8, 2016, commonly known as the “Safe Harbour Regulation.” The programme is scheduled to end no later than October 29, 2024.
Weekly Transaction Announcements
In the spirit of transparency, Netcompany will announce all transactions related to the share buyback programme on a weekly basis via Nasdaq Copenhagen. This practice ensures that stakeholders remain informed about the company's ongoing activities.
Overview of Recent Share Transactions
During the week from August 22, 2024, to August 28, 2024, Netcompany completed the following transactions as part of the share buyback programme:
Details of the transactions are as follows:
• On August 22, the company purchased 12,000 shares at an average price of DKK 300.01, resulting in a total transaction value of DKK 3,600,120.
• On August 23, another 12,000 shares were acquired at an average price of DKK 298.14, totaling DKK 3,577,680.
• On August 26, 14,000 shares were bought at DKK 301.05, amounting to DKK 4,214,700.
• On August 27, 13,000 shares were purchased at an average price of DKK 300.02, leading to a total of DKK 3,900,260.
• Finally, on August 28, 12,000 shares were acquired at an average price of DKK 305.24, translating to DKK 3,662,880.
In total, 63,000 shares were acquired during this week, with an overall value of DKK 18,955,640 from the share buybacks.
Summary of Accumulated Transactions
To date, under the share buyback programme, Netcompany has acquired a total of 147,300 shares, with an overall transaction value of DKK 44,099,438. Following these recent purchases and the vesting of Restricted Share Units (RSUs), the company now holds 1,880,409 treasury shares, which is about 3.8% of Netcompany's total share capital.
Investor Contact Information
Netcompany welcomes any inquiries regarding the share buyback programme or other corporate matters. For more information, please contact:
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 Netcompany's share buyback programme?
The share buyback programme is intended to adjust Netcompany's capital structure and meet obligations related to share-based incentives.
What is the total budget allocated for the share buyback?
Netcompany has set aside up to DKK 150 million for the share buyback initiative.
How many shares can be repurchased under this programme?
The programme permits the repurchase of a maximum of 1,000,000 shares.
When does the share buyback programme conclude?
The programme is scheduled to end no later than October 29, 2024.
How transparent is the share buyback process?
Netcompany is committed to transparency by announcing all transactions made under the programme weekly through Nasdaq Copenhagen.
