Asetek A/S Announces Transactions Carried Out Under the Current Share Buyback Programme in Accordance With the "Safe Harbour Method"
Asetek A/S announced a share buyback program initiated on October 23, 2020, with a maximum value of USD 4 million to repurchase a maximum of 381,000 shares. As of March 5, 2021, the buyback has resulted in 314,463 shares bought back at an average price of NOK 99.3462, totaling USD 3,565,286.10. This program is in compliance with EU regulations. Currently, Asetek holds 1,165,987 shares in treasury, representing 4.35% of its share capital.
- Share buyback program valued at USD 4 million enhances shareholder value.
- Asetek repurchased 314,463 shares, indicating strong confidence in its stock.
- None.
OSLO, Norway, March 3, 2021 /PRNewswire/ -- On October 23, 2020, Asetek A/S launched a share buyback programme, as described in company announcement of October 23, 2020. According to the programme, Asetek A/S will in the period until March 5, 2021 buy back own shares up to a maximum value of USD 4 million and with a maximum of 381,000 shares. The share buyback programme will be implemented in accordance with Regulation (EU) no. 596/2014 of 16th April 2014 of the European Parliament and Council and Commission Delegated Regulation (EU) no. 2016/1052, also referred to as the Safe Harbour rules.
Trading day | Number of shares bought back | Average purchase price (NOK) | Amount (USD) | |
Total, latest announcement | 314,463 | 99.3462 | 3,565,286.10 | |
83: | 22 February 2021 | 3,118 | 112.9888 | 41,536.06 |
84: | 23 February 2021 | 3,500 | 109.7221 | 45,276.82 |
85: | 24 February 2021 | 4,000 | 107.1936 | 50,766.89 |
86: | 25 February 2021 | 3,500 | 103.2141 | 43,024.80 |
87: | 26 February 2021 | 3,159 | 102.3359 | 37,403.39 |
Total accumulated over week 8/2021 | 17,277 | 107.0573 | 218,007.97 | |
Total accumulated during the share buy-back programme | 331,740 | 99.7478 | 3,783,294.07 | |
With the transactions stated above, the Company owns a total of 1,165,987 shares as treasury shares, corresponding to
About Asetek
Asetek is the global leader in liquid cooling solutions for gaming and enthusiast PCs, data centers and servers. Founded in 2000, Asetek is headquartered in Denmark and has operations in California, Texas, China and Taiwan. Asetek is listed on the Oslo Stock Exchange (ASTK.OL).
For further information, please contact:
Peter Dam Madsen
Chief Financial Officer
Mobile: +45 2080 7200
e-mail: pdm@asetek.com
Asetek A/S
Assensvej 2
DK-9220 Aalborg East
Denmark
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SOURCE Asetek
