Proact IT Group AB (publ) (OM:PACT) commences share repurchases on November 28, 2023 under the program mandated by the shareholders in the Annual General Meeting held on May 4, 2023. As per the mandate, the company is authorized to repurchase its own shares such that the number of shares repurchased together with any new shares issued, shall not exceed more than 10% of the outstanding number of shares. The purpose of the program is to enable the company to adapt the capital structure of the company in a flexible way, as well as enable the use of its own shares to pay for acquisitions and for long term incentive programs. The share repurchase program is valid until the conclusion of the company?s next Annual General Meeting.

As of November 28, 2023, the company had 27,499,948 shares issued and 501,710 shares in treasury.