The Board of Directors of
The purpose of the repurchases is to provide flexibility as regards the company’s capital structure and possibilities to distribute capital to its shareholders.
Within the mandate from the Annual General Meeting 2024, the Board is given the opportunity, if deemed appropriate, to decide on repurchase of own shares on one or multiple occasions, in such a way that the company's holdings at any given time do not exceed 10% of all shares in the company.
In its decision on the size of the program, the board has taken into account that the company is still in an expansion phase within both product area Synchronization and Media, with establishments in new market segments and customer segments, and a high investment rate in the company’s product development. It is the Board’s assessment that the company is well-capitalized to deliver on the company’s strategic goals also in consideration of the buyback program.
The buybacks will be carried out by a bank that, based on the company's initial instructions, will make trading decisions regarding timing with complete independence. All buybacks will be conducted on Nasdaq Stockholm and in accordance with applicable restrictions regarding price and trading volumes. Trading will not take place during the silent period, which runs for 30 calendar days before the announcement of an interim report or a year-end report.
At the time of this announcement, the number of outstanding shares in the company is 1,000,000 A shares and 358,038,009 B shares, 359,038,009 shares in total, of which 10,795,000 B shares were in
For further information, please contact:
Annika Muskantor, Interim CFO of
About
For over 25 years, the world’s leading content owners, broadcasters, production companies, service providers and enterprises have trusted Net Insight’s Emmy® Award winning Nimbra technology to guarantee media delivery. Today,
For more information, please visit netinsight.net
Follow us: LinkedIn: linkedin.com/company/net-insight/ X: twitter.com/NetInsight
© Modular Finance, source