Netcompany's Share Buyback Program: Key Transaction Details
Understanding Netcompany's Share Buyback Programme
Recently, Netcompany Group A/S announced an exciting development regarding its ongoing share buyback programme. This initiative, aimed at optimizing the company’s capital structure, allows for the repurchase of shares worth up to DKK 250 million with a limit of 1,300,000 shares. The core purpose of this buyback is not only to adjust the company’s capital but also to fulfill obligations associated with share-based incentive plans.
Regulatory Framework and Execution
Netcompany's share buyback programme adheres to the stringent guidelines set by the EU Market Abuse Regulation, ensuring that all transactions are conducted within the boundaries of legal frameworks. The execution of this programme is structured under the specified provisions of the Safe Harbour Regulation, promoting market integrity and discipline.
Recent Transactions Overview
From December 12 to December 18, 2024, a series of transactions under this buyback programme were executed, demonstrating Netcompany's commitment to returning value to its shareholders. Below is a summary of these transactions, presenting the dates, number of shares purchased, average price per share, and total transaction values:
Summary of Transactions
During the specified period, the following transactions occurred:
- Date: 12/12/2024 - Shares: 19,500 - Average Price: DKK 366.72 - Total Value: DKK 7,150,982
- Date: 13/12/2024 - Shares: 11,608 - Average Price: DKK 363.76 - Total Value: DKK 4,222,577
- Date: 16/12/2024 - Shares: 13,590 - Average Price: DKK 363.82 - Total Value: DKK 4,944,284
- Date: 17/12/2024 - Shares: 20,936 - Average Price: DKK 367.38 - Total Value: DKK 7,691,466
- Date: 18/12/2024 - Shares: 7,600 - Average Price: DKK 372.92 - Total Value: DKK 2,834,206
In total, 73,234 shares were repurchased during this period, accumulating to a grand total transaction value of DKK 26,843,515. Notably, under this buyback programme, Netcompany has now acquired a total of 473,696 shares, equating to DKK 166,311,543 in total value spent on share repurchases.
Current Standing and Future Implications
Following these recent share repurchases, Netcompany holds 2,702,605 treasury shares, which constitute approximately 5.4% of its entire share capital. This strategic move signals Netcompany's dedication to enhancing shareholder value and strengthening its market position.
Contact Information
If you have any questions or need more information regarding the share buyback programme, please reach out to the following contacts:
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 aims to optimize Netcompany's capital structure and meet obligations related to share-based incentives.
How many shares are included in the buyback programme?
Up to 1,300,000 shares can be repurchased as part of the share buyback programme.
What regulatory framework governs the share buyback?
Netcompany's buyback programme operates under EU Market Abuse Regulation and the Safe Harbour Regulation.
How many shares have been repurchased in the recent period?
A total of 73,234 shares were repurchased between December 12 and December 18, 2024.
Who can be contacted for more information about the programme?
Thomas Johansen, CFO at Netcompany, and Frederikke Linde, Head of IR, are available for inquiries regarding the programme.
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