Wirtek A/S commences an Equity Buyback Plan for 10% of its issued share capital, under the authorization approved on April 19, 2023.

Wirtek A/S (CPSE:WIRTEK) commences a share repurchases on August 3, 2023, under the program mandated by the shareholders in the Annual General Meeting held on April 19, 2023. As per the mandate, the company is authorized to repurchase up to 10% of the share capital. The shares may not be purchased at a price deviating by more than 5% of the most recently quoted market price at the time of purchase on Nasdaq Copenhagen A/S. The authorization is valid until next ordinary Annual General Meeting.

On June 28, 2023, the company announced a share repurchase program. Under the program, the company will repurchase up to 60,000 shares, representing to 0.78% of the total number of outstanding shares, for DKK 1 million. The purpose of the program is to cover the remaining shares needed as part of the Earn-out shares-based payment to the sellers of the CoreBuild companies. The program will end on or before September 30, 2023.