Net Insight Repurchases Own Shares

The Board of Net Insight has decided to utilize the repurchase mandate that was given by the AGM on May 7, 2021, and initiate a repurchase of own shares.

The repurchase program will commence on November 11, 2021, and run until the next AGM on May 13, 2022, and compromises a maximum of 16 million shares or $8.17 million.

Net Insight has entered into an agreement with Nordea Bank Abp on placing an irrevocable order for the repurchase of own shares. The shares will be bought on Nasdaq Stockholm in accordance with its Rule Book for Issuers, at a price per share within the price range on Nasdaq Stockholm at any given time, by which is meant the range between the highest buying price and the lowest selling price published continuously by Nasdaq Stockholm. The purpose of the repurchases is to provide flexibility as regards the company’s capital structure and possibilities to distribute capital to its shareholders.

At the time of this announcement, the number of outstanding shares in the company was 1,000,000 A shares and 388,933,009 B shares, 389,933,009 shares in total, whereof Net Insight’s holding of own shares was 7,150,000 B shares.