Enento launches a share buyback program of EUR 1 million
19 December 2023 - 3:45AM
Enento launches a share buyback program of EUR 1 million
ENENTO GROUP PLC, STOCK EXCHANGE RELEASE 18 DECEMBER 2023 AT
6.45 P.M. EET
Enento launches a share buyback program of
EUR 1 million
The Board of Directors of Enento Group Plc has
today decided to launch a share buyback program of up to EUR 1
million under the authorization of the Annual General Meeting.
The maximum number of shares to be repurchased
under the program is 55,000 which represents approximately 0.23% of
the company’s total number of shares. The program will commence at
the earliest on 21 December 2023 and end no later than 8 February
2024. The purpose of the share buyback program is to optimize
Enento's capital structure through reduction of capital. The
repurchase of shares will reduce Enento's unrestricted equity and
the repurchased shares will be cancelled.
The repurchase of shares in public trading will be
executed in accordance with the safe harbour arrangement of Article
5 of the EU Market Abuse Regulation, including but not limited to
daily price and volume limits. The shares will be acquired through
public trading on Nasdaq Helsinki.
Enento has appointed Nordea to execute the share
buyback program in compliance with applicable price and volume
limits as well as applicable terms. Enento has the option to
suspend and terminate the program during the buyback period and
will, in such case, issue a stock exchange release to this
effect.
The Annual General Meeting, held on 28 March 2023,
authorized the Board of Directors to resolve to repurchase a
maximum of 1,500,000 of Enento’s own shares, representing
approximately 6.24% of total number of shares. Following the
completion of the buyback program of 240,000 shares in June 2023,
there remains an authorization to repurchase up to 1,260,000
additional shares as per the directive given by the Annual General
Meeting.
Helsinki, 18 December 2023
ENENTO GROUP PLCBoard of Directors
For further information:
Arto PaukkuInvestor Relations Officertel. +358
50 469 5380
Distribution: Nasdaq Helsinki Major
mediaenento.com/investors
Enento Group is a Nordic knowledge company powering
society with intelligence since 1905. We collect and transform data
into intelligence and knowledge used in interactions between
people, businesses, and societies. Our digital services, data and
information empower companies and consumers in their daily digital
decision processes, as well as financial processes and sales and
marketing processes. Approximately 399 people are working for
Enento Group in Finland, Norway, Sweden, and Denmark. The Group’s
net sales for 2022 was 167.5 MEUR. Enento Group is listed on Nasdaq
Helsinki with the trading code ENENTO.
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