Catena Media to Launch New Share Buyback Programme

Catena Media’s board of directors has resolved on a new share buyback programme based on the authorisation from the extraordinary general meeting on 12 July 2023, following an initial resolution at the annual general meeting on 24 May 2023.

The new share buyback programme will be managed by an investment firm or credit institution that will make its trading decisions concerning the timing of the share buybacks independently of Catena Media.

The purpose of the buyback programme is to deliver shareholder value and to optimise the capital structure of the company by reducing the company’s share capital. It is the company’s intention to reduce the company’s share capital through subsequent cancellation of repurchased shares.

The share buyback programme will be implemented in accordance with the Maltese Companies Act, the EU Market Abuse Regulation (EU No. 596/2014) (MAR), and the Commission Delegated Regulation (EU) No 2016/1052 (Safe Harbour Regulation) and the applicable rules of Nasdaq’s Nordic Main Market Rulebook for Issuers of Shares.

According to the board’s resolution, any acquisition of own shares will be made on Nasdaq Stockholm in accordance with Nasdaq Stockholm’s Rule Book for Issuers and the following terms and conditions:

• Acquisitions of shares may be made on one or several occasions up until and including 31 December 2023.
• The maximum amount for which shares may be bought back is SEK 55 million.
• Shares may be repurchased to the extent that Catena Media’s holdings of its own shares do not exceed 10% of the total issued share capital, and the maximum number of shares repurchased during the programme may not exceed 7,203,534 shares.
• Shares may only be repurchased at a price within the price interval recorded on Nasdaq Stockholm, meaning the interval between the highest buying price and the lowest selling price.
• Payment for the shares will be made in cash.

The company holds 614,193, or 0.8%, of its own ordinary shares. The company has 78,769,812 outstanding shares.