Catena Media plc repurchased a further 817,700 of its ordinary shares between 17 November and 3 December 2021 as part of a buyback programme that commenced during the third quarter.
The repurchases follow a first buyback round executed between 13 September and 15 October 2021, during which Catena Media repurchased 1,504,810 of its ordinary shares.
Buybacks will now cease until the holding company has further distributable profits available, in compliance with the requirements of the Maltese Companies Act. Execution of future buybacks will continue to be at the discretion of the board of directors.
The company has to date repurchased a total of 2,322,510 shares at a volume-weighted average price of SEK 57.06, for a total consideration of SEK 132.5m. Catena Media now holds 2,322,510, or 3.1 percent, of its own shares. The total number of issued shares in Catena Media stands at 75,570,137 and will increase to 76,180,121 when new shares are issued as a result of the warrant exercise period that followed the publication of the Q3 interim report.
All share repurchases have been executed on Nasdaq Stockholm by Carnegie Investment Bank on behalf of Catena Media.
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.
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.
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.