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Polaris Media ASA ( (DE:93J) ) has provided an announcement.
Polaris Media ASA is planning to repurchase up to 200,000 of its shares for an employee share program, with Skandinaviska Enskilda Banken AB managing the process. This strategic move aims to enhance employee engagement and align interests with company performance. The repurchase will be conducted through a reverse book-building process, prioritizing existing shareholders. The final purchase price will be determined based on satisfactory sales orders, and the allocation will be on a pro-rata basis if oversubscribed. This initiative reflects the company’s commitment to equitable shareholder treatment and operational transparency.
More about Polaris Media ASA
YTD Price Performance: 0.69%
Average Trading Volume: 39
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €365.2M
Learn more about 93J stock on TipRanks’ Stock Analysis page.