Proact IT Group AB Initiates Share Repurchase Program

Proact IT Group AB ( (SE:PACT) ) has issued an update.

Proact IT Group AB has announced a share repurchase program authorized by its Board of Directors, allowing the company to buy back shares up to 10% of its total outstanding shares. This initiative aims to provide Proact with flexibility in capital structure management and facilitate acquisitions and long-term incentive programs, potentially impacting its financial strategy 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 center solutions across Europe. The company helps customers store, connect, protect, secure, and drive value through their data, enhancing agility, productivity, and efficiency. Proact has completed thousands of projects globally, serving over 4,000 customers and managing hundreds of petabytes of information in the cloud. With a workforce of over 1,200 employees in 12 countries across Europe and North America, Proact was founded in 1994 and listed on Nasdaq Stockholm in 1999.

Average Trading Volume: 40,556

Current Market Cap: SEK3.03B

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