Catena Media announces share buybacks executed from 31 July to 4 August 2023
Catena Media plc (LEI code: 549300609A73DL5C5Z86) repurchased 264,969 of its own ordinary shares (ISIN code: MT0001000109) from 31 July to 4 August 2023 as part of its share buyback programme.
The buyback programme was authorised by shareholders at an extraordinary general meeting on 12 July 2023 and initiated and announced by the board of directors on 17 July 2023.
The programme is being carried out in accordance with the EU Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) 2016/1052 (the "Safe Harbour Regulation"). Its purpose is to deliver shareholder value and optimise the capital structure by reducing the Company’s share capital through subsequent cancellation of repurchased shares.
The table below sets out the share repurchases conducted under the programme from 31 July to 4 August. All share repurchases were carried out on Nasdaq Stockholm by Carnegie Investment Bank AB on behalf of Catena Media. Carnegie makes its trading decisions concerning the timing of the share buybacks independently of Catena Media.
| Date | Aggregated daily volume (number of shares) | Weighted average share price per day (SEK) |
Total daily transaction value (SEK) |
| 31-Jul-2023 | 15,000 | 24.8625 | 372,937.50 |
| 1-Aug-2023 | 11,969 | 24.9415 | 298,524.81 |
| 2-Aug-2023 | 20,000 | 24.5985 | 491,970.00 |
| 3-Aug-2023 | 8,000 | 24.1435 | 193,148.00 |
| 3-Aug-2023 | 200,000* | 24.19 | 4,838,000.00 |
| 4-Aug-2023 | 10,000 | 24.4793 | 244,793.00 |
* Transaction conducted as a block trade.
Following the above transactions, the company’s holdings of its own shares on 4 August 2023 was 2,053,976 ordinary shares. The total number of outstanding shares is 78,769,812.
A full breakdown of the transactions, subject to article 5.3 of MAR and article 2.3 of the Safe Harbour Regulation, is attached to this announcement.
Contact details for further information:
Investor Relations
Email: [email protected]
Erik Edeen, Interim Group CFO
Email: [email protected]
The information was submitted for publication by the contact persons above on 8 August 2023 at 08:00 CEST.
About Catena Media
Catena Media is a global leader in generating high-value leads for operators of online casino and sports betting platforms. The group’s large portfolio of web-based affiliation brands guides users to customer websites and enriches the experience of players worldwide. Headquartered in Malta, the group employs over 350 people across the globe. The share (CTM) is listed on Nasdaq Stockholm Mid Cap. For further information see catenamedia.com.