Understanding Netcompany's Share Buyback Programme
Netcompany Group A/S recently initiated a share buyback programme aimed at optimizing their capital structure while fulfilling share-based incentive commitments. The programme, enforced with a budget of DKK 150 million, allows for the repurchase of up to 1,000,000 shares.
Regulatory Compliance for the Programme
This strategic decision aligns with the EU Market Abuse Regulation and the Safe Harbour Regulation. The execution of the buyback will continue until 29 October 2024, enhancing the company's commitment to shareholders.
Recent Transactions Under the Buyback Programme
In the timeframe from 18 October to 24 October 2024, Netcompany executed some notable transactions. Here's a brief overview:
Transaction Summary
On 18 October, the company repurchased 4,000 shares at an average price of DKK 313.71, amounting to a total transaction value of DKK 1,254,840. The following days saw similar activity, with transactions increasing in share counts:
- On 21 October, Netcompany bought 6,000 shares at DKK 309.17, totaling DKK 1,855,020.
- On 22 October, they acquired 12,000 shares at an average of DKK 303.19, with a transaction value of DKK 3,638,280.
- On 23 October, another 11,000 shares were repurchased at DKK 305.39, totaling DKK 3,359,290.
- Finally, on 24 October, 4,000 shares were bought at DKK 310.80, for a total of DKK 1,243,200.
Aggregate Performance
During this period, a total of 37,000 shares were repurchased, accumulating to a grand total of 481,300 shares since the programme commenced. The total transaction value for shares acquired stands at DKK 145,511,218.
Impact on Netcompany's Capital
With these strategic purchases and the recent vesting of restricted stock units (RSUs), Netcompany now holds 2,214,409 treasury shares, which represents 4.4% of the overall share capital. This strong position highlights the company's dedication to enhancing shareholder value through judicious financial maneuvers.
Engagement and Further Information
For any additional queries or insights regarding this share buyback programme, stakeholders are encouraged to reach out to:
Contact Details
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 capital structure and fulfill obligations related to share-based incentives.
How many shares has Netcompany repurchased to date?
As of now, Netcompany has repurchased a total of 481,300 shares under the programme.
What are the average purchase prices during the latest transactions?
The average purchase prices varied, with recent acquisitions averaging around DKK 310.80.
When will the buyback programme conclude?
The share buyback programme is expected to conclude no later than 29 October 2024.
Who can provide more information regarding the share buyback?
For inquiries, you can contact Thomas Johansen or Frederikke Linde from Netcompany Group A/S directly for detailed information.
