The share buyback programme will be implemented under the following terms: The maximum total consideration for shares bought back will be DKK 150m;The maximum number of shares to be bought back will be 1,000,000;The maximum number of shares that may be purchased per daily market session may not exceed 25% of the average daily volume of Netcompany’s shares traded on Nasdaq Copenhagen during the preceding 20 trading days; andShares cannot be bought back at a price exceeding the higher of (i) the share price of the last independent transaction on Nasdaq Copenhagen A/S, and (ii) the highest independent bid on the shares on Nasdaq Copenhagen A/S.
Company announcement No.36/2024 14 August 2024 Today, Netcompany Group A/S ("Netcompany”) announces that the Board of Directors has decided to initiate a share buyback programme of up to DKK 150m for the purpose of adjusting Netcompany’s capital structure and meeting its obligations relating to share-based incentive programmes.
The share buyback programme will be executed in accordance with EU Market Abuse Regulation, EU Regulation no.596/2014 of 16 April 2014 and the provisions of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (the "Safe Harbour Regulation”).
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