Ad pepper media International N.V. commences an Equity Buyback Plan for 50% of its issued share capital, under the authorization approved on May 18, 2021.
September 06, 2021 at 07:48 am EDT
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ad pepper media International N.V. (XTRA:APM) commences share repurchases on September 1, 2021, under the mandate authorized by the shareholders in the Annual General Meeting held on May 18, 2021. Under the mandate, the company is authorized to repurchase up to 50% of its issued share capital. The shares will be purchased at a price which is least 80% of the stock price (opening stock price) of the shares of the company at the date of such repurchase and at the most 120% of such stock price. The share repurchase program will be valid for 18 months from the date of shareholders' approval.
On August 2, 2021, the company initiated a share repurchase program. Under the program, the company will repurchase up to 500,000 shares for €3 million. The repurchased shares will be used to meet the company's obligations under the company's stock option plans by way of transfer of the shares to option holders for the exercise of their option rights and/or reduce the capital of the company. The repurchases will commence on September 1, 2021 and run until November 17, 2022.
Ad Pepper Media International NV is a Netherlands-based Company active in the advertising and marketing sector. The Company provides online services, strategies and solutions for interactive media, direct marketing and technology. Its activities are divided into three segments: ad pepper media, Webgains and ad agents. Display, performance, e-mail, affiliate and search-engine marketing, as well as semantic targeting and ad serving product groups cover the range of its online advertising formats. In addition to a regional, national and international marketing presence, Website partners receive a number of other products and services, such as branding, traffic analysis and performance optimization, provided by Ad Pepper Media International NV and its affiliated companies. As of December 31, 2011, the Company operated 17 subsidiaries, based in the Netherlands, Germany, Sweden, Denmark, the United Kingdom, France, Spain, the United States, Australia and Switzerland.
Ad pepper media International N.V. commences an Equity Buyback Plan for 50% of its issued share capital, under the authorization approved on May 18, 2021.