Nets A/S: Launch of share buyback programme
(Thomson Reuters ONE) -
Company announcement
No. 9/2017
Launch of share buyback programme
Today, Nets A/S ("Nets") announces that the Board of Directors has decided to
initiate a share buyback programme of up to 1,200,000 shares for the purpose of
hedging Nets' long-term incentive programmes.
The share buyback programme is launched with reference to the authorisation to
acquire treasury shares granted by the general meeting on 9 September 2016. The
authorisation is valid until 1 September 2021 and allows Nets to acquire shares
with a total nominal value of up to 10% of its share capital.
The share buyback programme will be executed in accordance with the provisions
of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (the "Safe
Harbour Regulation") and will end no later than 31 July 2017.
Nets has appointed Nordea Danmark, filial af Nordea Bank AB (publ), Sverige
("Nordea"), as lead manager of the share buyback programme. Under a separate
agreement, Nordea will buy back shares on behalf of Nets and make related
trading decisions independently of and without influence by Nets.
The share buyback programme will be implemented under the following terms:
* The maximum number of shares to be bought back will be 1,200,000;
* The maximum number of shares that may be purchased per daily market session
may not exceed 25% of the average daily volume of Nets shares on the trading
venue on which the purchase is carried out during the preceding 20 trading
days; and
* Shares cannot be bought back at a price higher than (i) the price of the
latest independent trade, and (ii) the price of the current highest
independent bid on the trading venue on which the purchase is carried out.
On a weekly basis, Nets will announce transactions made under the share buyback
programme in accordance with the reporting obligations imposed by the Safe
Harbour Regulation.
Nets may terminate the programme at any time, which will be announced through
Nasdaq Copenhagen, if relevant.
As of today, Nets holds 2,666 treasury shares corresponding to 0.001% of the
total share capital.
For further information, please contact
For media enquiries:
Karsten Anker Petersen, Head of Communications, at +45 44 89 78 83 or
kapet(at)nets.eu
For investor enquiries:
Lars Oestmoe, Head of M&A and IR, at +47 91 34 71 77 or lostm(at)nets.eu
Information on Nets
Nets is a leading provider of digital payment services and related technology
solutions across the Nordic region. Nets sits at the centre of the digital
payments ecosystem and operates a deeply entrenched network, which connects
merchants, corporate customers, financial institutions and consumers enabling
them to make and receive payments as well as, increasingly, utilise value-added
services to help them improve their respective activities.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nets A/S via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 06.04.2017 - 15:00 Uhr
Sprache: Deutsch
News-ID 534974
Anzahl Zeichen: 3692
contact information:
Town:
Ballerup
Kategorie:
Business News
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