Better Collective launches €5m share buyback program

Better Collective launches €5m share buyback program

Affiliate marketing giant Better Collective has initiated a share buyback program for up to €5m (£4.6m/$5.4m) to cover debt related to prior acquisitions.

Published 23rd March 2020

The program will run from March 19 to June 30, with Better Collective to have rights to partially make settlements in shares.

Better Collective said the new program is pursuant to the authorisation from shareholders at its annual general meeting in April 25 to repurchase up to 4,048,711 shares of €0.01 each of its share capital in the period to the AGM.

Nordea has been appointed as lead manager for the buyback program and will purchase shares on behalf Better Collective.

In addition, Nordea will make its trading decisions independently of, and without influence by the marketing giant.