Proact buys back own shares

The Annual General Meeting held on 6 May 2014 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 29 October 2014, Proact’s Board has made a decision to buy back the company’s own shares. As at 7 November 2014, a total of 125,000 shares have been bought back, at an average price of SEK 80 per share. With this, a total of 125,000 shares have been bought back since the Annual General Meeting, a figure equivalent to 1.3 per cent of the total number of outstanding shares in the company. A total of 9,333,886 shares are held in Proact. Since buying back its own shares, Proact has held a total of 148,618 shares in its own custody, which is equivalent to 1.6 per cent of the total number of outstanding shares.

For further information, please contact:

Martin Ödman, CEO, Tel +46 733 56 68 11, e-mail: martin.odman@proact.eu
Peter Javestad, VP / IR, Tel +46 733 56 67 22, e-mail: peter.javestad@proact.eu
Jonas Persson, CFO, Tel +46 733 56 66 90, e-mail: jonas.persson@proact.eu

About Proact
Proact is Europe’s leading independent integrator in the fields of data storage and cloud solutions. Proact supplies business benefits by helping companies and authorities over the world to reduce risk and costs, and above all, to supply flexible, accessible and secure IT services.

Proact solutions cover all elements of data storage, including virtualisation, network functions and security, and the company has more than 3 500 successful projects behind it, along with vast information volumes which are managed at the Proact data centre.

The Proact Group has more than 660 employees and conducts business in Belgium, Denmark, Estonia, Finland, Germany, Latvia, Lithuania, the Netherlands, Norway, Slovakia, Spain, the United Kingdom, Sweden and the Czech Republic. Proact was founded in 1994. Proact IT Group AB (publ), its Parent Company, has been listed on the Nasdaq Stockholm since 1999 under the symbol PACT.

For further information about Proact’s activities please visit us at www.proact.eu

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About Us

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), was listed on Nasdaq Stockholm in 1999 (under the symbol PACT). For further information about Proact’s activities please visit us at www.proact.eu

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