Overview of Netcompany's Share Buyback Program
Netcompany Group A/S has recently taken a significant step to enhance its financial strategy through a share buyback program. This initiative aims to repurchase shares worth up to DKK 250 million, constituting a maximum of 1,300,000 shares. The motivation behind this undertaking is to adjust Netcompany's capital structure and fulfill obligations concerning share-based incentive plans.
Regulatory Compliance and Timeline
The transactions made under the share buyback program are being executed in strict adherence to the EU Market Abuse Regulation. This regulatory framework is designed to ensure fair practices and transparency in the financial markets. According to regulations established by the Commission, this program is set to conclude no later than January 24, 2024.
Recent Transactions from December 5 to December 11, 2024
Within the specified period, several transactions were executed, showcasing Netcompany's proactive management approach. Below is a summary of the key transactions:
Transaction Details
On December 5, 2024, Netcompany acquired 12,236 shares, reflecting an average purchase price of DKK 366.74, leading to a total transaction value of DKK 4,487,438. Following this, on December 6, 2024, an additional 3,000 shares were purchased at an average price of DKK 368.16, amounting to DKK 1,104,470.
Subsequent acquisitions saw Netcompany purchasing 13,331 shares on December 9, with an average purchase price of DKK 371.54, totaling DKK 4,953,056. This was followed by a purchase of 13,707 shares on December 10, priced at DKK 371.01, which totaled DKK 5,085,419. On December 11, 2024, 22,700 shares were acquired at DKK 368.39, leading to a transaction value of DKK 8,362,560.
Cumulative Transactions
In total, across this timeframe, 64,974 shares were bought back, resulting in a cumulative transaction value of approximately DKK 23,992,943. Cumulatively under the entire buyback program, 400,462 shares have now been repurchased, with an aggregate transaction value reaching around DKK 139,468,028.
Total Treasury Shares Held by Netcompany
After the completion of these transactions and the subsequent vesting of Restricted Stock Units (RSUs), Netcompany now possesses an impressive total of 2,629,371 treasury shares, representing around 5.3% of the overall share capital. This significant holding underscores the company's commitment to effectively managing its share structure while rewarding shareholders.
Getting in Touch with Netcompany
For those looking for more information regarding the share buyback transactions or any other inquiries, the management team at Netcompany Group A/S is available for 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 program?
The share buyback program is designed to adjust Netcompany's capital structure and meet obligations related to share-based incentive plans.
How much is Netcompany planning to spend on the share buyback?
Netcompany has earmarked up to DKK 250 million for its share buyback program.
When is the deadline for the share buyback program?
The program is expected to conclude by January 24, 2024.
How many shares have been repurchased under this program?
As of the latest report, a total of 400,462 shares have been repurchased under the program.
Who can I contact for more information on Netcompany?
For inquiries, you can reach Thomas Johansen or Frederikke Linde at Netcompany's offices for detailed information.
