Proact buys back own shares
April 2017 by Marc Jacob
The Annual General Meeting held on 2 May 2016 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 19 July 2016, Proact’s Board has made a decision to buy back the company’s own shares. As at 24 April 2017, a total of 77,900 shares have been bought back, at an average price of SEK 192.50 per share. With this, a total of 238,525 shares have been bought back since the Annual General Meeting, a figure equivalent to 2.6 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 78,669 shares in its own custody, which is equivalent to 0.84 per cent of the total number of outstanding shares.