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The Board of Directors of NetEnt AB (publ) has decided to initiate share repurchases in accordance with the authorization from the Annual General Meeting (AGM) on April 25, 2018.
The AGM 2018 resolved to authorize the Board of Directors to repurchase the Company’s own shares up until the next AGM, which will take place on May 10, 2019.
According to the AGM resolution, the Company’s holding may not exceed 10 percent of all the shares outstanding in the Company at any time.
The purpose of the share repurchases is, among other things, to enable continuous adjustments of the Company’s capital structure and hence support shareholder value creation.
The shares will be acquired on Nasdaq Stockholm at a price per share within the recorded interval, i.e. the interval between the highest buying price and the lowest selling price.
NetEnt does not hold any treasury shares prior to the buyback program.
Source: Latest News on European Gaming Media Network
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