Allerød, 2016-11-04 09:22 CET (GLOBE NEWSWIRE) -- The Board of Directors of Matas have resolved to initiate a share buyback programme in accordance with the provisions of Article 5 of Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and Regulation 2016/1052, also referred to as the "Safe Harbor" rules. Please refer to company announcement no. 15 dated 30 August 2016.
The programme, which was initiated with a view to cancelling the shares bought back, amounts to DKK 150 million and runs from and including 1 September 2016 through 31 March 2017 at the latest.
Under the share buyback programme, the following transactions have been made during the period 28 October – 3 November 2016:
| Trading day | Number of shares | Average purchase price, DKK | Transaction value, DKK |
| 28 October 2016 | 7,000 | 130.97 | 916,790 |
| 31 October 2016 | 7,000 | 131.65 | 921,550 |
| 1 November 2016 | 6,000 | 130.57 | 783,420 |
| 2 November 2016 | 9,000 | 128.11 | 1,152,990 |
| 3 November 2016 | 9,000 | 128.14 | 1,153,260 |
| Accumulated the last 5 trading days | 38,000 | 129.68 | 4,928,010 |
| Accumulated under the program | 404,188 | 125.93 | 50,899,497 |
Following the transactions, Matas has purchased a total number of 404,188 shares since 1 September 2016 and holds 666,136 treasury shares, equivalent to 1.70% of the company's total share capital.
We enclose share buy-back transactions data in detailed form provided in accordance with the Commissions delegated regulation (EU) 2016/1052 of 8 March 2016.
Please address any questions to Søren Mølbak. Head of Investor Relations, at tel +45 48 1655 48.
Matas A/S