Raketech initiates share repurchases
The Board of Directors of Raketech Group Holding P.L.C. (”Raketech”) has pursuant to the authorisation of the Annual General Meeting on 8 May 2019 resolved to initiate a programme to repurchase its own shares.
The buy-back programme will be carried out in accordance with the Market Abuse Regulation (EU) 596/2014 (“MAR”) and the Commission Delegated Regulation (EU) 2016/1052 (“Safe Harbour Regulation”).
The purpose of the buy-back programme is to decrease Raketech’s capital. The repurchases shall be made on Nasdaq First North on one or more occasions during the period starting 5 June 2019 until 4 May 2020. In total, a maximum of 3,790,063 shares may be repurchased, corresponding to approximately 10 percent of the outstanding number of shares in Raketech at a price per share that is within the registered price interval at any given time, i.e., the interval between the highest buying price and lowest selling price, and in accordance with the limitations regarding price and volume as set out in the Safe Harbour Regulation. Repurchases can be carried out up to a maximum amount of SEK 113 million during the period and payment for the shares will be made in cash.
At the time of publication of this press release the total number of shares and votes in Raketech is 37,900,633 of which Raketech holds no (0) own shares.
For more information, please contact Andreas Kovacs, CFO, email@example.com
This information is such that Raketech Group Holding P.L.C. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 13.00 CEST on 5 June 2019.
About Raketech Group
Raketech is a leading online affiliate and content marketing company, with expertise in delivering comparison services for sports and gaming, online guides, communities and social media products in primarily the Nordic region and the UK. Through some 20 flagship brands, Raketech guides sports and gaming enthusiasts to the best possible services, while also delivering high-quality traffic and leads to its partners. Raketech grows both organically and via acquisitions and operates its business in accordance with a clear framework for responsible affiliate marketing services. The company’s shares are listed in Nasdaq First North Premier with ticker RAKE. Erik Penser Bank AB is the company’s Certified Adviser (firstname.lastname@example.org / +46 8 463 83 00). For more information, visit www.raketech.com.