The Annual General Meeting held on 9 May 2017 authorised the Board of Directors at Proact IT Group AB to implement a buyback of own shares amounting to a maximum of 10 per cent of the total number of outstanding shares.
According to a press release published on 20 July 2017, Proact’s Board has made a decision to buy back the company’s own shares. As at 2 November 2017, a total of 25,600 shares have been bought back, at an average price of SEK 195 per share. With this, a total of 49,900 shares have been bought back since the Annual General Meeting, a figure equivalent to 0.5 per cent of the total number of outstanding shares in the company. A total of 9,333,886 shares are held in Proact. Proact holds a total of 128,569 shares in its own custody, which is equivalent to 1.4 per cent of the total number of outstanding shares.
For further information, please contact:
Jason Clark, CEO and President, Proact IT Group AB, tel 44 1246 266300
Peter Javestad, VP / IR, Proact IT Group AB, tel 46 733 56 67 22, firstname.lastname@example.org
Jonas Persson, CFO, Proact IT Group AB, tel 46 733 56 66 90, email@example.com
Proact is Europe’s leading independent data centre and cloud services provider. By delivering flexible, accessible and secure IT solutions and services, we help companies and authorities reduce risk and costs, whilst increasing agility, productivity and efficiency. We’ve completed over 5,000 successful projects around the world, have more than 3,500 customers and currently manage in excess of 100 petabytes of information in the cloud. We employ over 800 people in 15 countries across Europe and North America. Founded in 1994, our parent company, Proact IT Group AB (publ), listed on Nasdaq Stockholm in 1999 (under the symbol PACT).
For further information about Proact’s activities please visit us at www.proact.eu
This information is information that Proact IT Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. This information was submitted for publication through the agency of the contact persons set out above on 6 November 2017, at 1:00 PM CET.