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ENDigia starts a share buyback programme
Digia Plc
Stock exchange release
16 December 2021 at 8:00
Digia Plc’s Board of Directors has decided to exercise the authorisation granted by the Annual General Meeting held on 17 March 2021 to buy back company shares. The shares will be purchased in order to fund acquisitions and to implement the company’s share-based incentive schemes.
The maximum number of shares that will be acquired is 300,000, which corresponds to around 1.1 per cent of all the shares in the company. A maximum of EUR 2,400,000 will be spent on share buyback. The acquisition of treasury shares will begin no earlier than on 16 December 2021 and will end no later than 31 May 2022.
Share buybacks will be carried out in accordance with the so-called safe harbour rules laid out in Article 5 of the EU Market Abuse Regulation (EU No. 596/2014). The shares will be acquired in public trading on Nasdaq Helsinki. Digia has appointed OP Corporate Bank to organise the share buyback programme. The organiser will make trading decisions independently of Digia and within the stated limits. This also applies to the timing of transactions.
The price payable for the share will be determined according to its prevailing price on Nasdaq Helsinki at the time of purchase, and in compliance with the price and volume limits set in the safe harbour rules. During the period in which the authorisation is exercised, the price paid for the share shall be no less than the lowest market price of the share and no greater than its highest market price.
Digia can suspend or terminate the programme before its scheduled end date. In this case, Digia will publish a stock exchange release about the matter.
On 17 March 2021, the AGM authorised the Board of Directors to decide on the buyback and/or acceptance as collateral of no more than 2,000,000 company shares using the company’s unrestricted equity.
Digia Plc currently has 26,823,723 shares and holds 57,372 treasury shares.
For further information, please contact:
President & CEO Timo Levoranta, tel. (exchange) +358 (0)10 313 3000
Distribution
Nasdaq Helsinki
Key media
digia.com
Digia is a software and service company that combines technological possibilities and human capabilities to build intelligent business, society and a sustainable future. Our mission is to ensure that our customers are at the forefront of digital evolution. There are more than 1,500 of us working at Digia and we operate globally with our international customers. Digia’s turnover in 2023 was EUR 192,1 million. The company is listed on Nasdaq Helsinki (DIGIA).