Allerød, 2016-10-20 09:38 CEST (GLOBE NEWSWIRE) -- The Board of Directors of Matas have resolved to initiate a share buyback programme in accordance with the provisions of Article 5 of Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and Regulation 2016/1052, also referred to as the "Safe Harbor" rules. Please refer to company announcement no. 15 dated 30 August 2016.
The programme, which was initiated with a view to cancelling the shares bought back, amounts to DKK 150 million and runs from and including 1 September 2016 through 31 March 2017 at the latest.
Under the share buyback programme, the following transactions have been made during the period 14 October – 19 October 2016:
| Trading day | Number of shares | Average purchase price, DKK | Transaction value, DKK |
| 14 October 2016 | 4,000 | 126.88 | 507,520 |
| 17 October 2016 | 5,000 | 127.68 | 638,400 |
| 18 October 2016 | 7,000 | 128.32 | 898,240 |
| 19 October 2016 | 5,000 | 129.15 | 645,750 |
| Accumulated the last 4 trading days | 21,000 | 128.09 | 2,689,910 |
| Accumulated under the program | 333,910 | 125.07 | 41,762,638 |
Following the transactions, Matas has purchased a total number of 333,910 shares since 1 September 2016 and holds 595,858 treasury shares, equivalent to 1.52% of the company's total share capital.
We enclose share buy-back transactions data in detailed form provided in accordance with the Commissions delegated regulation (EU) 2016/1052 of 8 March 2016.
Please address any questions to Søren Mølbak. Head of Investor Relations, at tel +45 48 1655 48.
Matas A/S
