Printer Friendly

Proact IT reports on buy back of own shares.

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


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.


((Comments on this story may be sent to

COPYRIGHT 2018 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2018 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Nordic Business Report
Date:Feb 14, 2018
Previous Article:Tikkurila's net result down by 76% in 2017.
Next Article:Precise Biometrics swings to loss in 2017.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters