Beskrivning
| Land | Norge |
|---|---|
| Lista | Euronext Growth Oslo |
| Sektor | Informationsteknik |
| Industri | Elektronisk utrustning |
2022-01-12 08:55:00
On 11 January 2022, the board of directors of Huddly AS (the "Company") has,
based on the authorization from the Extraordinary General Meeting on 29 January
2021, resolved that the Company shall repurchase own shares on Euronext Growth
Oslo. The purpose of the share repurchase programme shall be to optimize and
improve the capital structure of the Company, thereby creating added shareholder
value. The board of directors determines the methods by which own shares can be
disposed of, according to the authorization from the Extraordinary General
Meeting on 29 January 2021.
The repurchase programme will be implemented in accordance with the EU Market
Abuse Regulation No 596/2014 ("MAR"), the Commission Delegated Regulation No
2016/1052 ("Safe Harbour Regulation") and Oslo Børs' guidelines for buy-back
programmes and price stabilisation from February 2021 (the "Guidelines").
Terms and conditions for repurchases of own shares
According to the board of directors' resolution, any repurchase of own shares
shall be made on Euronext Growth in accordance with MAR, the Safe Harbour
Regulation, the Guidelines and the following terms and conditions.
o Repurchases may be made on one or more occasions before the Company's Annual
General Meeting on 29 March 2022.
o The maximum amount for which shares may be repurchased shall not exceed NOK 50
million.
o Repurchases shall be made at a price within the price interval of the share
registered at Euronext Growth at any given time. According to the authorization
from the Extraordinary General Meeting on 29 January 2021, the consideration per
share may not be less than NOK 0.01 and may not exceed NOK 50.
o Repurchased shares shall be paid in cash.
Total number of shares in the Company and the Company's holding of own shares
In accordance with the authorization from the Extraordinary General Meeting on
29 January 2021, the board of directors is authorized to repurchase up to
9,561,600 shares in the Company at a total nominal value of NOK 5,976. The
Company has not used the authorization to date. As of 11 January 2022, the
Company's holding of own shares is 300,016 shares (these were repurchased based
on an earlier authorization). The total number of shares in the Company is
216,328,048.
Reporting of completed repurchases of own shares
Completed repurchases of own shares will be reported in accordance with
applicable laws and regulations as well as Euronext Growth Oslo Rule Book - Part
II and the Guidelines.
For further information, please contact:
Stein Jacob Frisch, Investor Relations, Huddly AS, mob: +47 916 10 911, email:
huddly@lillebyfrisch.no
This information is made public by Huddly AS pursuant to MAR, the Safe Harbour
Regulation, Euronext Growth Oslo Rule Book - Part II and the Guidelines.