Overview of Netcompany's Share Buyback Program
In a strategic move to optimize its capital structure, Netcompany Group A/S has initiated a significant share buyback program aiming to repurchase up to DKK 250 million worth of shares. This action is accompanied by a target to acquire a maximum of 1,300,000 shares, reflecting Netcompany's commitment to fulfilling its obligations related to share-based incentive programs.
Execution Under EU Regulations
The implementation of this buyback initiative is done in compliance with the EU Market Abuse Regulation, specifically adhering to EU Regulation no. 596/2014. Additionally, the program aligns with the provisions set out in Commission Delegated Regulation (EU) 2016/1052, often referred to as the Safe Harbour Regulation. It is important to note that this buyback program is expected to conclude no later than a specific deadline, ensuring all transactions are transparently reported.
Transaction Summary
As part of the share buyback program, Netcompany has reported its transactions executed from January 2 to January 8. Here’s a detailed breakdown of the shares purchased during this period:
Transaction Insights
During the mentioned period, Netcompany executed several notable transactions. A total of 91,127 shares were acquired at an aggregate transaction value of DKK 31,155,268:
- Date: January 2, 2025, Shares Purchased: 4,908, Average Price: DKK 343.75
- Date: January 3, 2025, Shares Purchased: 25,000, Average Price: DKK 342.92
- Date: January 6, 2025, Shares Purchased: 21,228, Average Price: DKK 339.14
- Date: January 7, 2025, Shares Purchased: 25,000, Average Price: DKK 344.46
- Date: January 8, 2025, Shares Purchased: 14,991, Average Price: DKK 339.15
As part of the cumulative total, Netcompany has successfully bought back 612,071 shares under this program.
Current Shareholder Position
Following the transactions and the vesting of restricted stock units (RSUs), Netcompany currently holds a total of 2,838,762 treasury shares. This figure represents approximately 5.7% of the total share capital, showcasing the company’s robust position in managing its equity interests effectively.
Contact Information
For those seeking further details about the share buyback initiative, 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 allows the company to repurchase shares, aiming to enhance its capital structure and manage obligations related to incentive programs.
How much has Netcompany allocated for the share buyback?
Netcompany has allocated up to DKK 250 million for the share buyback program.
When will the share buyback program conclude?
The program is expected to conclude no later than a predetermined date, ensuring timely execution of transactions.
How many shares has Netcompany bought back so far?
As of now, Netcompany has repurchased a total of 612,071 shares under this buyback program.
Who can I contact for more information about the program?
For inquiries, you can contact Thomas Johansen, CFO, or Frederikke Linde, Head of IR, at Netcompany Group A/S.
