DK-5471 Soendersoe, 2014-11-04 15:50 CET (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. 15/2014 of 27 March 2014.
SP Group holds 34,299 number of treasury shares of a nominal value of DKK 10 each corresponding to 1.69 % of SP Group’s share capital as of 4 November 2014.
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 2014 until 31 December 2014 and has now been extended to end on 10 April 2015. 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.
