The Annual General Meeting held on 2 May 2016 authorised the Board of Directors at Proact IT Group AB to implement a buyback of own shares amounting to a maximum of 10 per cent of the total number of outstanding shares.
According to a press release published on 19 July 2016, Proact's Board has made a decision to buy back the company's own shares. As at 24 October 2016, a total of 53,500 shares have been bought back, at an average price of SEK 140 per share. With this, a total of 131,625 shares have been bought back since the Annual General Meeting, a figure equivalent to 1.4 per cent of the total number of outstanding shares in the company. A total of 9,333,886 shares are held in Proact. Since buying back its own shares, Proact holds a total of 171,769 shares in its own custody, which is equivalent to 1.84 per cent of the total number of outstanding shares.
For further information, please contact:
Jason Clark, CEO and President, Proact IT Group AB, tel +44 1246 266300
Jonas Persson, CFO, Proact IT Group AB, tel +46 733 56 66 90, firstname.lastname@example.org
Peter Javestad, VP / IR, Proact IT Group AB, tel +46 733 56 67 22, email@example.com
Proact is Europe's leading independent datacentre and cloud services provider. Proact supplies business benefits by helping companies and authorities to reduce risk and costs, and above all to supply them with flexible, accessible and secure IT services. Proact's cloud service operations manage 70 petabytes of information. Proact has completed more than 3,500 successful projects all over the world to date.
The Proact Group has more than 720 employees and operates in 15 countries in Europe and in the USA. Proact was founded in 1994, and its parent company Proact IT Group AB (publ) has been listed on Nasdaq Stockholm under the symbol PACT since 1999.
For further information about Proact's activities please visit us at www.proact.eu
(c) 2016 Cision. All rights reserved., source Press Releases - English