Allerød, 2016-12-02 08:20 CET (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 25 November – 1 December 2016:
Trading day | Number of shares | Average purchase price, DKK | Transaction value, DKK |
25 November 2016 | 20,000 | 96.99 | 1,939,800 |
28 November 2016 | 20,000 | 98.17 | 1,963,400 |
29 November 2016 | 20,000 | 97.75 | 1,955,000 |
30 November 2016 | 20,000 | 97.73 | 1,954,600 |
1 December 2016 | 25,000 | 96.29 | 2,407,250 |
Accumulated the last 5 trading days | 105,000 | 97.33 | 10,220,050 |
Accumulated under the program | 797,488 | 114.35 | 91,192,216 |
Following the transactions, Matas has purchased a total number of 797,488 shares since 1 September 2016 and holds 1,059,436 treasury shares, equivalent to 2.70% 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