Regulatory release 28/2024
The buy-back program is being initiated pursuant to the authorization granted by the shareholders at the annual general meeting held on
The Company has appointed
The buy-back program is subject to the following terms:
- The purpose of the program is to cover future obligations relating to acquisitions and long-term incentive (LTI) programs.
- Acquisition of shares shall take place on Nasdaq Copenhagen and/or on Nasdaq Stockholm in compliance with the Nordic Main Market Rulebook for Issuers of Shares.
- The total purchases of own shares will be limited to a total market value of up to
20 million EUR or the equivalent thereof in DKK or SEK. - The maximum number of shares that can be bought under the program is 6,187,519 shares of nominally
EUR 0.01 each. - Execution of the buy-back will take place from
24 June 2024 to5 September 2024 but may close before in the event that shares for an amount of20 million EUR (or the equivalent in DKK or SEK) have been purchased prior to the end date. - Payment for the shares will be made in cash.
- Revenue of 395-425 mEUR, implying 21-30% growth
- EBITDA of 130-140 mEUR, implying 17-26% growth
- Net/debt to EBITDA stay below 3x
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