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Proact IT reports on buy back of own shares.

NORDIC BUSINESS REPORT-February 14, 2018-Proact IT reports on buy back of own shares

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Proact IT Group AB (STO:PACT), an independent data centre and cloud services provider in Europe, on Tuesday reported that as on 12 February 2018, a total of 53,700 its own shares have been bought back, at an average price of SEK139.6 per share.

The company said its Annual General Meeting, held on 9 May 2017, authorised the board of directors to implement a buyback of own shares amounting to a maximum of 10% of the total number of outstanding shares. Reportedly, Proact's board has made a decision to buy back the company's own shares.

With this buy back, a total of 103,600 shares have been bought back since the Annual General Meeting, a figure equivalent to 1.1% of the total number of outstanding shares in the company.

A total of 9,333,886 shares are held in Proact. Also, Proact holds a total of 182,269 shares in its own custody, which is equivalent to 2% of the total number of outstanding shares.

(EUR1.00=SEK9.91)

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Publication:Nordic Business Report
Date:Feb 14, 2018
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