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Proact IT Group AB ( (SE:PACT) ) has issued an update.
Proact IT Group AB announced the cancellation of 300,000 shares, reducing the total number of shares and votes to 27,101,658 as of May 30, 2025. This move, authorized by the Annual General Meeting, reflects the company’s strategic decision to manage its share capital, potentially impacting its market positioning and shareholder value.
More about Proact IT Group AB
Proact IT Group AB is a leading specialist in data and information management, focusing on cloud services and data centre solutions across Europe. The company helps customers store, connect, protect, secure, and drive value through their data, enhancing agility, productivity, and efficiency. With over 4,000 customers and operations in 12 countries, Proact manages hundreds of petabytes of information in the cloud.
Average Trading Volume: 48,182
Current Market Cap: SEK3.13B
For detailed information about PACT stock, go to TipRanks’ Stock Analysis page.