Press the button and be introduced to a new random company!

Introduce me >

Social media

facebook   Follow us on Twitter


North Media

North Media

North Media A/S launches share buy-back programme

08:44 / 7 February 2019 North Media Press release

Company announcement no 02-19

7 February 2019

The Board of Directors of North Media A/S has decided to launch buy-back of up to 500,000 treasury shares. The maximum amount that North Media A/S may pay for shares purchased under the programme is DKK 25 million. The share buy-back of 500,000 treasury shares is equivalent to 2.49% of the share capital of North Media A/S.

The Company’s portfolio of treasury shares at 7 February 2019 was 1,100,000 shares, or 5.48% of the share capital.

The purpose of the share buy-back is to increase the portfolio of treasury shares and to cover obligations under any future share-based incentive programmes.

Authorisation of the Board of Directors
The Board of Directors is authorised to allow North Media A/S to acquire treasury shares up to an aggregate amount of 15% of the share capital. This is provided that such acquisition is made at the market price in force at Nasdaq Copenhagen at the time of purchase with a variance of plus or minus 5%. The authorisation is granted for a five-year period ending on 26 March 2020.

The share buy-back period is from 8 February 2019 to 30 September 2019 at the latest.

North Media has appointed Danske Bank lead manager of the share buy-back programme. Danske Bank will make its decisions to trade independently and without being influenced by North Media. This is provided that such acquisition is made at the market price in force at the time of purchase on Nasdaq Copenhagen, however, with a variance of the price by plus or minus 5%.

The Company’s principal shareholder and Vice-Chairman of the Board of Directors, Richard Bunck, who through Baunegård ApS holds 55.75% of the Company’ shares, states that the intention is to participate on a proportionate basis in the sell-back of these shares to the Company.

North Media is entitled to stop the share buy-back temporarily or entirely at any time and, if so, will publish this through a company announcement.

As long as the share buy-back programme is in effect, North Media intends to regularly issue a separate announcement on transactions under this programme.

For further information

Group Executive Director & CFO Kåre Wigh, mobile + 45 25 65 21 45


This information was distributed by GlobeNewswire