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
Phone: +46 768 95 26 93, Email: peter.messner@catenamedia.com
This information is information that
About
https://news.cision.com/catena-media/r/catena-media-has-resolved-on-share-buyback,c3697016
https://mb.cision.com/Main/12863/3697016/1778022.pdf
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