DK-5471 Soendersoe, 2016-08-23 15:34 CEST (GLOBE NEWSWIRE) -- The Board of Directors of SP Group A/S (SP Group) has resolved to increase and extend the share buy-back programme authorised at the annual general meeting held on 27 April 2012.
The share buy-back programme was announced in Company Announcement no. 14/2016 of 30 March 2016.
SP Group holds 15,680 number of treasury shares of a nominal value of DKK 10 each corresponding to 0.71 % of SP Group’s share capital as of 22 August 2016.
The purpose of the share buy-back programme is to hedge the existing warrant programmes.
The share buy-back programme originally runs from 11 April 2016 until 31 December 2016 and has now been extended to end on 10 April 2017. The share buy-back programme is initiated and structured in compliance with the EU Commission Regulation No. 2273/2003 of 22 December 2003 (the so-called Safe Harbour Regulative for share buy-back programmes) which ensures that SP Group is protected against violation of insider legislation in relation to the share buy-back programme. And as of 3 July 2016 in compliance with the EU Commission Regulation No. 596/2014 of 16 April 2014 as regards Market Abuse, the so-called Market Abuse Regulation that protects listed companies’ board and executive board against violation of insider legislation in connection with share buy-backs.
