Share repurchase update from Catena Media
From 1 March 2022 to 14 April 2022, Catena Media plc repurchased 1,973,000 of its ordinary shares for SEK 90.6 million as part of a share buyback programme initiated during the third quarter of 2021 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 45.94 per share. Following the repurchases and as of 14 April 2022, Catena Media holds 4,295,510, or 5.6 percent, of its own shares. The total number of issued shares in Catena Media stands at 76,315,268.
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 19 April and 18 May 2022 during the closed period preceding the publication of the Q1 interim report on 18 May 2022.
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 19 April 2022 at 14:00 CEST.
About Catena Media
Catena Media is a global leader in generating high-value leads for operators in online casino, sports betting and financial trading. The group’s large portfolio of web-based affiliation brands guides online users to customer websites and enriches the experience of players worldwide. Headquartered in Malta, the group employs over 450 people in Europe, North America, Asia-Pacific and Oceania. The share (CTM) is listed on Nasdaq Stockholm Mid Cap. For further information see catenamedia.com.