Catena Media plc's Board of Directors has, based on the authorisation from the extraordinary general meeting on 10 August 2022 (the "EGM") following an initial resolution at the annual general meeting on 23 May 2022, resolved that the company shall buy back shares on Nasdaq Stockholm.

The purpose of the buyback program is to deliver shareholder value and to optimise the capital structure of the company by reducing the company's share capital. It is the company's intention to reduce the company's share capital through subsequent cancellation of repurchased shares.

The share buyback will be implemented in accordance with the Maltese Companies Act, the EU Market Abuse Regulation (EU No. 596/2014) ("MAR"), and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation") and the applicable rules of Nasdaq's Nordic Main Market Rulebook for Issuers of Shares.

According to the board of directors' resolution, any acquisition of own shares shall be made on Nasdaq Stockholm in accordance with Nasdaq Stockholm's Rule Book for Issuers and the following terms and conditions:

  • Acquisitions may be made on one or more occasions before the company's next annual general meeting (which is scheduled to take place on 24 May 2023), subject to complying with applicable insider trading rules and closed periods under MAR.
  • The maximum amount for which shares may be bought back is SEK 100 million
  • Shares may be bought back to the extent that Catena Media's holdings of its own shares do not exceed 10 percent of the total issued share capital or more than 7,618,012 shares of its own shares.
  • Shares may only be repurchased at a price within the price interval recorded on Nasdaq Stockholm, meaning the interval between the highest buying price and the lowest selling price.
  • Payment for the shares shall be made in cash.

As of today's date, the company holds 4,295,510, or 5.6 percent, of its own ordinary shares. The number of outstanding shares in the company is 76,330,859.

Completed acquisitions of own shares will be reported in accordance with applicable laws and regulations as well as Nasdaq Stockholm's Rule Book for Issuers.

Contact details for further information:

Investor Relations
Email: ir@catenamedia.com

Peter Messner, Group CFO
Phone: +46 768 95 26 93, Email: peter.messner@catenamedia.com

This information is information that Catena Media plc. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication by the contact persons above on 13 January 2023 at 08:25 CET.

About Catena Media

Catena Media is a global leader in generating high-value leads for operators of online casino, sports betting and financial trading platforms. The group's large portfolio of web-based affiliation brands guides online users to customer websites and enriches the experience of players worldwide. Headquartered in Malta, the group employs over 450 people in Europe, North America, Asia-Pacific and Oceania. The share (CTM) is listed on Nasdaq Stockholm Mid Cap. For further information see catenamedia.com.

https://news.cision.com/catena-media/r/catena-media-has-resolved-on-share-buyback,c3697016

https://mb.cision.com/Main/12863/3697016/1778022.pdf

(c) 2023 Cision. All rights reserved., source Press Releases - English