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Net Insight Cancels Repurchased Shares to Optimize Structure

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Net Insight Cancels Repurchased Shares to Optimize Structure

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Net Insight AB Class B ( ($SE:NETI.B) ) has shared an update.

Net Insight AB has announced the cancellation of 6,838,570 repurchased B shares, following a resolution at the Annual General Meeting. This adjustment leaves the total number of shares at 341,404,439, maintaining the company’s share capital at SEK 13,929,720.36. This move is part of the company’s ongoing efforts to optimize its share structure, potentially impacting shareholder value and voting rights distribution.

More about Net Insight AB Class B

Net Insight AB is a leading provider of high-performance video transport and media cloud technology, catering to content providers with a focus on live contribution, distribution, and remote production media workflows. With over 25 years of experience, the company partners with hundreds of customers in more than 70 countries, offering solutions that ensure media delivery across managed and unmanaged IP networks and the cloud.

Average Trading Volume: 1,233,498

Current Market Cap: SEK1.11B

For a thorough assessment of NETI.B stock, go to TipRanks’ Stock Analysis page.

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