Brief: H+H International: Share Buy-Back Programme Of Up To DKK 100 Mln To Be Initiated

H+H International A/S

04/03/2021 06:56

March 4 (Reuters) - H+H International A/S  HHDC.CO :
    * REG-SHARE BUY-BACK PROGRAMME OF UP TO DKK 100 MILLION TO
BE
INITIATED
    * HAS DECIDED TO INITIATE A SHARE BUY-BACK PROGRAMME OF UP
TO DKK
100 MILLION.
    * WHILE ACQUISITIVE GROWTH REMAINS KEY STRATEGIC FOCUS FOR
H+H,
BOARD OF DIRECTORS CONTINUES TO PRUDENTLY BALANCE FURTHER
INVESTMENTS IN GROWTH WITH RETURNING VALUE TO OUR SHAREHOLDERS
    * IT IS EXPECTED THAT SHARES BOUGHT BACK WILL BE PROPOSED
CANCELLED AT ANNUAL GENERAL MEETING IN 2022.
    * SHARE BUY-BACK PROGRAMME IS EXPECTED TO BE REALISED OVER A
12-MONTH PERIOD STARTING FROM TODAY, 4 MARCH 2021
    * UNDER SHARE BUY-BACK PROGRAMME, H+H MAY REPURCHASE SHARES
UP TO
A MAXIMUM AMOUNT OF DKK 100 MILLION, AND NO MORE THAN 1,728,136
SHARES, CORRESPONDING TO APPROXIMATELY 9.6 PERCENT OF SHARE
CAPITAL OF COMPANY
    * SHARES BOUGHT BACK ON EACH TRADING DAY WILL NOT EXCEED 25
PERCENT OF DAILY AVERAGE TRADING VOLUME OVER 20 TRADING DAYS
PRECEDING DATE OF PURCHASE
    * THERE IS AN OPPORTUNITY TO RETURN CAPITAL TO COMPANY'S
SHAREHOLDERS WHILE STILL MAINTAINING AMBITION TO PURSUE
ATTRACTIVE OPPORTUNITIES ON COMPANY'S ONGOING STRATEGIC GROWTH
JOURNEY

Source text for Eikon:  ID:nGNE3bhV5t 
Further company coverage:  HHDC.CO 

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