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Glunz & Jensen A/S Initiates Share Repurchase Program


Thursday, 6 Jun 2013 02:39am EDT 

Glunz & Jensen A/S announced that the Board of Directors of the Company has decided to buy back its own shares in accordance with the authorization given by the Annual General Meeting on September 27, 2012. The Company holds as per June 6, 2013 86,829 own shares at a nominal value of DKK 20, corresponding to 4.6% of its share capital. The share buyback period runs from June 6, 2013 up to and including November 30, 2013. During this period, the Company is to buy up to a maximum value of DKK 10 million in a share repurchase program in accordance with EU Regulation. The purpose of the buyback is to adjust the capital structure. The Company appointed ABG Sundal Collier as financial adviser and lead manager for the share buy-back. The maximum amount that Glunz & Jensen can pay for shares purchased under the program is DKK 10.0 million, and the maximum purchase is 180,000 shares, equivalent to 10% of the current share capital. 

Company Quote

53.5
-1.5 -2.73%
21 Aug 2014