NORDEN initiates share buy-back programme
06 Nov 2019
The Board of Directors has decided to carry out a share buy-back of up to a total of USD 10 million (approximately DKK 67 million). The share buy-back programme is initiated pursuant to the authorisation granted to the Board of Directors, which entitles NORDEN to acquire treasury shares at a nominal value not exceeding 10% of the share capital at the market price applicable at the time of acquisition with a deviation of up to 10%. This authorisation was most recently renewed at NORDEN’s general meeting on 11 April 2019.
The purpose of the share buy-back program is to adjust the capital structure of the Company. A maximum of 4,220,000 shares can be acquired.