Under this share buyback
programme, which is running from 1 May 2019 and ending no later than 10 March 2020, GN Store Nord intends to buy back shares for an amount of up to DKK1,000m.
EFG's share buyback
programme started on 27 July 2018 and was concluded on 12 March 2019.
According to the report, share buybacks
are usually good for existing investors as they reduce the number of shares on the open market which should boost the value of available shares.
For the right company, a well executed share buyback
will benefit shareholders and could lead to a re-rating of the company's market pricing.
The share buyback
, which will start immediately, reflected the board's confidence in the group's ongoing cash flow, the company said in a statement.
In theory, the best time to put a share buyback
into operation is after a stock market crash, when the shares of many companies can be purchased for less than net asset value.
The share buybacks
came to 582.1 billion yen in 1999 and 677.8 billion yen in 2000, respectively, according to the think tank.
The company said its board of directors, acting under its share buyback
authorisation, had initiated a share buyback
programme on 1 May 2019 in order to reduce the company's share capital and to cover obligations under the long-term incentive programme.
Provider of intelligent audio solutions GN Store Nord A/S (CPH: GN) reported on Tuesday that under its share buyback
programme it has accumulated a total of 1,015,365 shares, at an average purchase price of DKK319.77, for a total value of DKK324,686,281.
Adidas announced that its board has decided to launch a multi-year share buyback
program of up to EUR 3B in total until May 11, 2021.
NORDIC BUSINESS REPORT-August 14, 2019-GN Store Nord reports on share buyback