Share repurchase update from Catena Media
From 13 September 2021 to 15 October 2021, Catena Media plc repurchased 1,504,810 of its ordinary shares as part of a share buyback programme initiated by the board of directors during the third quarter to promote more efficient capital usage by returning excess capital to shareholders.
All repurchases were executed on Nasdaq Stockholm by Carnegie Investment Bank on behalf of Catena Media. The volume-weighted average price of these transactions during the period was SEK 57.65 per share. Following the repurchases and as of 15 October 2021, Catena Media holds 1,504,810, or 2 percent, of its own shares. The total number of issued shares in Catena Media stands at 75,570,137 and includes an increase of 2,207,357 shares during October arising from the purchase price paid in shares for the recent i15 media assets acquisition.
The buyback programme, approved by shareholders on 14 July 2021, entitles the company to repurchase shares on one or more occasions prior to the 2022 annual general meeting. Under the programme’s terms, Catena Media may repurchase a maximum of 7,039,215 ordinary shares. The company's holdings of its own shares may not exceed 10 percent of the total issued share capital.
No share repurchases will be made between 18 October and 17 November 2021 during the closed period preceding publication of the Q3 interim report on 17 November 2021.
The share buyback programme operates in compliance with the Maltese Companies Act, EU Market Abuse Regulation (EU No. 596/2014) (“MAR”) and the applicable rules of Nasdaq’s Nordic Main Market Rulebook for Issuers of Shares.
Contact details for further information:
Peter Messner, Group CFO
Phone: +46 768 95 26 93, Email: peter.messner@catenamedia.com
Investor Relations
E-mail: ir@catenamedia.com
The information was submitted for publication by the contact persons set out above on 15 October 2021 at 18:00 CEST.
About Catena Media
Catena Media has a leading position within online lead generation. The company has about 400 employees in the US, Australia, Japan, Serbia, the UK, Sweden, Italy and Malta (HQ). The company is listed on Nasdaq Stockholm. Further information is available at www.catenamedia.com.