WithSecure Corporation Executes Significant Share Repurchase
WithSecure Corporation Announces Share Repurchase
WithSecure Corporation has executed a significant share repurchase, marking a notable milestone in its corporate strategy. This recent activity forms part of its ongoing commitment to enhancing shareholder value and optimizing its capital structure.
Details of the Share Repurchase
The transaction involved the purchase of 10,000 shares of WithSecure Corporation at an average price of 0.9397 EUR per share, totaling a cost of 9,397 EUR. This buyback demonstrates the company's confidence in its market position and its proactive approach to return capital to shareholders.
Market Impact
This share repurchase is expected to positively influence the perception of WithSecure Corporation in the market. By increasing the number of shares held, WithSecure aims to bolster its stock performance, allowing for potential appreciation in value as investor confidence strengthens.
Total Shares Held by WithSecure Corporation
Following the recent repurchase, WithSecure Corporation now holds a grand total of 276,890 shares. This includes the shares acquired on the date of the transaction, reflecting a strategic maneuver to secure ownership while minimizing dilution.
Compliance with Regulations
The share buybacks conducted are carefully executed in adherence to European regulations, specifically Regulation No. 596/2014 of the European Parliament and Council, along with the Commission Delegated Regulation (EU) 2016/1052. Transparency and compliance with these regulations ensure that the interests of investors are safeguarded throughout the process.
Leadership and Future Outlook
On behalf of WithSecure Corporation, representatives Janne Sarvikivi and Sami Huttunen express their ongoing commitment to shareholder engagement and value creation. As the company looks ahead, it remains focused on sustaining growth and innovation in cybersecurity, reinforcing its status within the industry.
Contact Information
For inquiries or further details regarding this share repurchase and other corporate actions, Laura Viita, Vice President of Controlling, Investor Relations, and Sustainability, is available to assist. Interested parties can reach her at Tel. +358 50 4871044 or through investor-relations@withsecure.com.
Frequently Asked Questions
What is the significance of the share repurchase by WithSecure Corporation?
The share repurchase indicates the company’s commitment to enhancing shareholder value and reflects its confidence in ongoing market performance.
How many shares were repurchased by WithSecure Corporation?
WithSecure Corporation repurchased a total of 10,000 shares as part of this recent transaction.
What was the average price per share for the repurchase?
The average price per share for the repurchase was 0.9397 EUR.
How many shares does WithSecure Corporation hold after the repurchase?
After the repurchase, WithSecure Corporation holds a total of 276,890 shares.
Who can I contact for more information about this transaction?
For more information, you can reach Laura Viita, Vice President of Controlling, Investor Relations, and Sustainability, at +358 50 4871044 or via email at investor-relations@withsecure.com.
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