Wirtek share purchase and announcement regarding managers’ transactions in Wirtek A/S
Company Announcement no. 6/2025
7 April 2025
The Board of Directors of Wirtek A/S has decided to purchase 153,850 existing Wirtek shares to cover the share-based earn-out payments to the sellers of Pragmasoft, which was acquired in August 2024. The majority of the earn-out payments is due in the first half of 2025.
The share purchase avoids diluting existing shareholders with newly issued shares and has been decided according to the authorisation given to the Board of Directors at the Annual General Meeting in 2024 (see company announcement No. 5/2024).
As part of Wirtek's annual report for 2024, the Board of Directors published a new capital allocation policy. The share purchase aligns with this new policy, as Wirtek has a gearing below 1 and has budgeted and approved sufficient funds for the 2025 investments into its current business areas.
Wirtek A/S is acquiring the shares from CEO Michael Aaen and COO Flaviu Zapca, as detailed below. The shares are purchased at a weighted average price of DKK 6.40 per share, based on the 10 trading days starting from 21 March 2025, for a total transaction value of DKK 984,640.
|
Name |
Shares owned before transaction |
Transaction |
Shares owned after transaction |
|
Wirtek A/S |
177 shares |
153.850 shares |
154.027 shares |
|
Michael Aaen |
2.112.373 shares |
80.000 shares |
2.032.373 shares |
|
Flaviu Zapca |
74.850 shares |
73.850 shares |
1.000 shares |
Contact information
- Michael Aaen, CEO, Wirtek A/S, Phone: +45 2529 7575, E-mail: [email protected]
Niels Jernes Vej 10, 9220 Aalborg, Denmark, www.wirtek.com - Kent Mousten Sørensen, Chairman, Wirtek A/S, Phone: +45 2125 9001
- Pernille Friis Andersen, HC Andersen Capital, Certified Advisor, E-mail: [email protected]
About Wirtek
Wirtek A/S is a Danish IT Services and Solutions company that provides software development, testing, and consultancy services to help clients worldwide. Wirtek specializes in Digitalization, Energy, Workforce & Facility Management, Wireless Communication & Automation, and Trade & E-commerce.
At Wirtek, we prioritize building long-term client relationships, with some lasting over a decade. We believe that quality partnerships are just as important as software quality in achieving our client's goals. Established in 2001, we have offices in Denmark, Romania and Portugal and have been listed on Nasdaq First North Copenhagen since 2006.
Ticker Code: WIRTEK (DK0060040913)