Better Collective initiates €5m share buyback program

By Richard Mulligan

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Better Collective has initiated a share buyback program for up to €5m, to be executed during the period from 30 August to 28 October 2022.

The purpose of the buyback program is to cover future payments relating to completed acquisitions and LTI programs.

The buyback program is being initiated pursuant to the authorisation granted by the shareholders at the annual general meeting held on 26 April 26 2022 to repurchase up to nominal 5,483,388 shares of EUR 0,01 each of the company’s share capital in the period until the annual general meeting in 2023.

Better Collective has appointed ABG Sundal Collier (ABGSC) as lead manager of the buyback program. Under the agreement with ABGSC, ABGSC will purchase shares on behalf of the company and will make its trading decisions independently of, and without influence by the company.

The buyback program is subject to a number of terms, including that the purpose of the program is to partially cover the company’s debt obligations related to completed acquisitions.

Acquisition of shares shall take place on Nasdaq Stockholm in compliance with the Nordic Main Market Rulebook for Issuers of Shares. The total purchases of own shares will be limited to a total market value of up to €5m.

The maximum number of shares that can be bought is 5,483,388 shares of EUR 0,01 each. Execution of the buyback will take place from 30 August to 28 October 2022. Payment for the shares is to be made in cash.

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