Napatech OB:NAPA Stock Report

Napatech A/S Accelerates Infrastructure Services Processing for Data Center Applications

Napatech A/S (OB:NAPA) commences an Equity Buyback for its own shares, under the authorization approved on April 26, 2022.

Napatech A/S (OB:NAPA) commences share repurchases on June 7, 2022, under the program mandated by the shareholders in the Annual General Meeting held on April 26, 2022. As per the mandate, the company is authorized to repurchase its own shares. The maximum price which may be paid for an ordinary share shall be DKK 15 per share. The minimum price which may be paid for an ordinary share shall be DKK 0 per share. The repurchase price cannot deviate by more than 10% from the trading price at the Oslo Stock Exchange at the time of acquisition. The purpose of the program is to utilize the company’s share option and incentive programs and to provide the Board of Directors with the opportunity to repurchase shares when deemed in the interest of the company. The authority shall be valid till April 25, 2026. On June 3, 2022, the company announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 0.75% of its issued share capital for DKK 12 million. The purpose of the program is to neutralize the dilution effect arising as a result of the company’s equity incentive program related to employees and board members. The repurchases will commence today, and the program will expire on December 31, 2022.

Independent Director recently bought kr122k worth of stock

On the 28th of May, Howard Bubb bought around 11k shares on-market at roughly kr11.14 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr331k. Insiders have collectively bought kr380k more in shares than they have sold in the last 12 months.