Strategic Share Buyback Enhances Netcompany's Capital Strength

Netcompany Launches Strategic Share Buyback Program
Recently, Netcompany Group A/S has taken a bold step by initiating a share buyback program that could see up to DKK 500 million allocated to reacquire a maximum of 3,700,000 shares. This strategic move is designed to enhance the company’s capital structure while also fulfilling obligations tied to share-based incentive programs. Such initiatives reflect a growing trend among companies to optimize capital deployment and return value to shareholders.
Understanding the Share Buyback Program
The share buyback program was officially announced on the 14th of August and adheres to the regulations set forth by the EU Market Abuse Regulation, which aims to protect market integrity. Under this program, the transactions are expected to conclude by January 30 in the coming year, showcasing a well-structured plan to manage the company's share capital.
Weekly Updates on Transactions
To maintain transparency, Netcompany will disclose all transactions executed under this buyback initiative weekly through Nasdaq Copenhagen. This openness not only keeps investors informed but also fosters trust in the company's decisions.
Recent Transactions Under the Buyback Program
Netcompany has actively executed several transactions in the past week, reflecting its commitment to this initiative. Between October 6th and October 10th, the company purchased a total of 62,000 shares. Here's a brief overview of the recent buys:
Transaction Highlights
On October 6, the company acquired 14,000 shares at an average price of 280.75 DKK, leading to a transaction value of approximately DKK 3,930,500. Following this, on October 7, another 12,000 shares were bought at 289.28 DKK, accumulating a total value of 3,471,360 DKK. This trend continued through to October 10, with 12,000 shares bought each day at varying prices contributing to a total expenditure of DKK 17,586,020 during this timeframe.
The accumulated total now stands at 754,896 shares bought back under the program, with a significant transaction value of DKK 189,477,400. Notably, this series of transactions underscores Netcompany's proactive approach to increasing shareholder value.
Treasury Shares Ownership
As a result of these buyback transactions and the vesting of restricted shares, Netcompany currently holds 1,114,623 treasury shares, which represents approximately 2.3% of the total share capital. This figure signifies a strong position in the marketplace, as treasury shares can be used to enhance liquidity, support future initiatives, or return further capital to shareholders.
Contact for More Information
If you're looking for more information or have inquiries regarding this announcement, please don’t hesitate to 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 the purpose of the share buyback program initiated by Netcompany?
The program aims to enhance Netcompany's capital structure and meet obligations related to share-based incentive programs.
How much money has Netcompany allocated for the share buyback?
Netcompany has set aside up to DKK 500 million for the share buyback initiative.
When is the share buyback program expected to conclude?
The initiative is slated to finish no later than January 30 in the coming year.
How many shares has Netcompany purchased so far?
As of now, Netcompany has acquired a total of 754,896 shares under this buyback program.
Who can I contact for more information regarding the share buyback?
You can reach out to Thomas Johansen or Frederikke Linde at Netcompany for any inquiries.
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