Today, the Board of Directors of SP Group A/S (SP Group) has decided to increase the buy back of shares with DKK 15.0 million. As of 29 April 2019, SP Group holds 142,584 number of treasury shares of a nominal value of DKK 2 each corresponding to 1.25 % % of SP Group’s share capital.
The share buy back program was published in stock announcement no. 14/2019 on 27 March, 2019.
The purpose of the share buy-back programme is to hedge the existing warrant programmes.
The buy-back programme runs from 11 April 2019 until 31 December 2019, both days inclusive. The share buy-back programme is initiated and structured in compliance with the EU Commission Regulation No. 596/2014 of 16 April 2014 as regards Market Abuse, the so-called Market Abuse Regulation that protects listed companies’ board and executive board against violation of insider legislation in connection with share buy-backs.
SP Group has entered into a contract with Jyske Bank A/S (Jyske Bank), in which Jyske Bank acts as financial advisor and as Lead Manager of the programme. Jyske Bank handles all purchase transactions independently of and without influence from SP Group.
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