We resumed share buybacks, repurchasing nearly 12 million shares at an average price per share
of $12.88 following our last earnings call.
Reportedly, during the time period from 2 May 2019 to 13 May 2019, the company purchased, through trading on regulated market organised by Nasdaq Helsinki Oy, a total of 250,000 company's own B shares at an average price per share
of approximately EUR29.5342.
The per share purchase price of USD 36.00 represents a 21% premium over the 30-day volume weighted average price per share
and a 28% premium over CallidusCloud's 90-day volume weighted average price per share
These shares were repurchased at an average price per share
of EUR3.6629 for a total cost of EUR30,772.
The average price per share
repurchased was $49.43.
During the second quarter through August 3, 2016, the company repurchased approximately 330,000 shares at an average price per share
of USD17.21 for a total cost of approximately USD5.7 million.
ln the Ready Market, average daily trading volume during 9MFY2015-16 was 214 million shares with average price per share
of Rs45, leading to average daily traded value of Rs9.6 billion.
The purchase price ranged from GBP1.701 to GBP1.7205 per share, with GBP1.711066 being the volume weighted average price per share
in the transaction.
The volume weighted average price per share
was GBP2.610584, the highest price paid per share was GBP2.6345 and the lowest price paid per share was GBP2.59.
With an average price per share
of 0.67 [euro], the company purchased 50,000 Suominen shares through the Helsinki stock market.
Over the long run, the cost of each share is less than the average price per share
. Dollar-cost averaging is based on the premise that the price or value of stocks tends to rise over the long-term.