The board of directors of
The board sees share buybacks as a way to enhance the company's flexibility in distributing capital to shareholders and to promote more efficient capital usage. The board has also been authorised to approve the cancellation of repurchased shares at a later date.
Purchases of own shares will take place exclusively on Nasdaq Stockholm in accordance with Nasdaq Stockholm's
Shares may be repurchased to the extent that the company's holdings of its own shares do not exceed 10 percent of the company's total issued share capital. In no event may the company repurchase more than 7,039,215 shares of its own shares.
Shares may also only be repurchased on any date at a price within the price interval recorded on Nasdaq Stockholm, meaning the interval between the highest buying price and the lowest selling price. However, the price at which shares may be repurchased may not exceed the lowest selling price, and may not be lower than the highest buying price, both as quoted on Nasdaq Stockholm at the time of the relevant repurchase.
As of the date of this press release, the company holds no
For further information, please contact:
Phone: +46 768 95 26 93, Email: peter.messner@catenamedia.com
Investor Relations
E-mail: ir@catenamedia.com
The information was submitted for publication by the contact persons set out above on
About
https://news.cision.com/catena-media/r/catena-media-s-board-approves-share-buybacks,c3413681
https://mb.cision.com/Main/12863/3413681/1467151.pdf
(c) 2021 Cision. All rights reserved., source