Allerød, 2016-11-18 09:49 CET (GLOBE NEWSWIRE) -- The Board of Directors of Matas have resolved to initiate a share buyback programme in accordance with the provisions of Article 5 of Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and Regulation 2016/1052, also referred to as the "Safe Harbor" rules. Please refer to company announcement no. 15 dated 30 August 2016.
The programme, which was initiated with a view to cancelling the shares bought back, amounts to DKK 150 million and runs from and including 1 September 2016 through 31 March 2017 at the latest.
Under the share buyback programme, the following transactions have been made during the period 14 November –17 November 2016:
| Trading day | Number of shares | Average purchase price, DKK | Transaction value, DKK |
| 14 November 2016 | 23,000 | 104.07 | 2,393,610 |
| 15 November 2016 | 23,000 | 103.13 | 2,371,990 |
| 16 November 2016 | 24,000 | 102.55 | 2,461,200 |
| 17 November 2016 | 25,000 | 101.27 | 2,531,750 |
| Accumulated the last 4 trading days | 95,000 | 102.72 | 9,758,550 |
| Accumulated under the program | 572,488 | 120.61 | 69,046,966 |
Following the transactions, Matas has purchased a total number of 572,488 shares since 1 September 2016 and holds 834,436 treasury shares, equivalent to 2.12% of the company's total share capital.
We enclose share buy-back transactions data in detailed form provided in accordance with the Commissions delegated regulation (EU) 2016/1052 of 8 March 2016.
Please address any questions to Søren Mølbak. Head of Investor Relations, at tel +45 48 1655 48.
Matas A/S
