Better Collective A/S launches EUR 10 million share buy-back programme
Better Collective A/S has announced the initiation of a share buy-back programme worth up to EUR 10 million. The programme will run from 20 February 2025 to 16 April 2025, with the primary objectives of optimising the company’s capital structure, fulfilling long-term incentive (LTI) obligations, and covering future acquisition commitments.
Purpose of buy-back programme
Better Collective wants to strengthen its capital structure by decreasing share capital through share repurchase. The programme will also make the company fulfill its LTI programme obligations and reserve shares for future acquisitions. Through share repurchase, the company wants to retain financial flexibility while strengthening investor confidence.
Execution and market compliance
The share buy-back will take place on Nasdaq Copenhagen and Nasdaq Stockholm, following the guidelines outlined in the Nordic Main Market Rulebook for Issuers of Shares. To ensure compliance and transparency, Better Collective has appointed Nordea Bank Abp as the lead manager for the programme. Nordea will oversee the share purchases independently, making all trading decisions without any influence from the company.
Financial terms and programme scope
The buy-back will be capped at a market value of EUR 10 million or its equivalent in DKK or SEK. The maximum number of shares that can be repurchased under the programme is 5,069,762 shares, each with a nominal value of EUR 0.01. Payments for the repurchased shares will be made in cash.
The programme may conclude earlier than 16 April 2025 if the total purchase amount reaches the EUR 10 million limit before the end date. This flexibility allows Better Collective to efficiently manage its capital allocation while maintaining agility in market conditions.
Authorisation and previous buy-backs
The share buy-back initiative follows the authorisation granted at the annual general meeting on 22 April 2024, permitting the acquisition of up to 6,289,950 shares of EUR 0.01 each until the 2025 annual general meeting.
Prior to this programme, Better Collective completed two share buy-backs in 2024. The first, concluded on 7 June 2024, resulted in the acquisition of 102,431 treasury shares, as detailed in regulatory release no. 26/2024. The second, completed on 27 November 2024, involved the repurchase of 1,117,757 treasury shares, as stated in regulatory release no. 60/2024.
Strategic impact
The share buy-back programme reflects Better Collective’s dedication to long-term value creation for its shareholders. The company repurchases shares to match its capital structure while positioning itself strategically for potential future growth and acquisitions.
