Allerød, 2016-11-14 10:44 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 4 November – 11 November 2016:
| Trading day | Number of shares | Average purchase price, DKK | Transaction value, DKK |
| 4 November 2016 | 10,000 | 126.08 | 1,260,800 |
| 7 November 2016 | 8,000 | 127.25 | 1,018,000 |
| 8 November 2016 | 8,000 | 125.55 | 1,004,400 |
| 9 November 2016 | 11,500 | 114.69 | 1,318,935 |
| 10 November 2016 | 15,800 | 107.48 | 1,698,184 |
| 11 November 2016 | 20,000 | 104.43 | 2,088,600 |
| Accumulated the last 6 trading days | 73,300 | 114.45 | 8,388,919 |
| Accumulated under the program | 477,488 | 124.17 | 59,288,416 |
Following the transactions, Matas has purchased a total number of 477,488 shares since 1 September 2016 and holds 739,436 treasury shares, equivalent to 1.88% 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
