Summary of Share Buyback Program
Company Announcement
No. 53/2024
Transactions in Connection with Share Buyback Programme
On 31 October 2024, Netcompany Group A/S (“Netcompany”) declared the initiation of a robust share buyback program valued up to DKK 250 million, aiming to acquire a maximum of 1,300,000 shares. This strategic move is designed to enhance Netcompany's capital structure while supporting the obligations linked to its share-based incentive programs.
Regulatory Compliance
The implementation of this share buyback program adheres to the EU Market Abuse Regulation, specifically EU Regulation no. 596/2014, as well as the relevant provisions of the Commission Delegated Regulation (EU) 2016/1052, also known as the “Safe Harbour Regulation.” The program is set to conclude by the latest on 24 January 2024.
Netcompany will keep the market informed by publicly announcing transactions executed under this program weekly through Nasdaq Copenhagen.
Executed Transactions
Below is a summary of the share buyback transactions conducted between 21 November 2024 and 27 November 2024:
| Date | Number of Shares | Average Purchase Price (DKK) | Transaction Value (DKK) |
|---|---|---|---|
| 21/11/2024 | 17,500 | 344.43 | 6,027,467 |
| 22/11/2024 | 2,100 | 352.49 | 740,221 |
| 25/11/2024 | 28,369 | 356.35 | 10,109,231 |
| 26/11/2024 | 8,836 | 355.23 | 3,138,840 |
| 27/11/2024 | 30,500 | 353.26 | 10,774,357 |
| Accumulated for the Period | 87,305 | - | 30,790,116 |
| Accumulated Under the Programme | 266,868 | - | 91,071,278 |
These transactions contribute to the overall strategy of managing share distribution and support Netcompany's commitment to long-term shareholder value.
Current Holdings
After conducting the aforementioned transactions and the vesting of RSUs, Netcompany now holds a total of 2,495,777 treasury shares, which is equivalent to 4.99% of its total share capital.
Contacting Netcompany for More Information
Additional Information
For further details, please 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 the purpose of the share buyback program?
The share buyback program aims to adjust the company's capital structure and meet share-based incentive obligations.
How much is Netcompany planning to spend on the buyback?
Netcompany's buyback program has a budget of up to DKK 250 million.
When is the buyback program scheduled to end?
The program is set to conclude by 24 January 2024.
How are transactions announced?
Transactions made under the buyback program will be announced weekly through Nasdaq Copenhagen.
What percentage of total shares does Netcompany hold as treasury shares?
Netcompany currently holds 2,495,777 treasury shares, representing 4.99% of the total share capital.
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