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Comendo A/S Announces Details on Share Repurchase


Tuesday, 15 Jan 2013 03:56am EST 

Comendo A/S announced, with reference to the announcement dated January 9, 2013, that its Board of Directors has decided to initiate a share buyback program. The Board has decided to allow the Company to buy back shares for an amount of up to DKK 4 million in the trading period starting on January 15, 2013 and ending on April 30, 2013. The repurchase will be made on NASDAQ OMX Copenhagen. Under the existing authorization to the Board, the Company may not acquire shares at below par value (DKK 1), and the Company must highest pay a fee in a range of + / - 10% compared to the last quoted trading price on NASDAQ OMX Copenhagen. In addition, the Company intends not to purchase shares at a price higher than the higher of the following two courses: the price of the last independent trade and the highest current independent bid on NASDAQ OMX Copenhagen. The Company will not acquire any shares during the period between March 11, 2013 and March 29, 2013 due to financial statement release on March 29, 2013 or otherwise, if this would be contrary to local regulations. The Board may at any time stop or suspend operations with repurchase of shares in which case the Company will communicate this to the market. The Company's current share capital amounts to DKK 39,477,015. The Board intends to propose a reduction of share capital by the possibly purchased shares. 

Company Quote

1.2
0.03 +2.56%
10:32am EDT