After acquisitions completed in accordance with a repurchase program decided by the board, Net Insight AB’s holding of own shares on March 22, 2022 amounted to 22,005,000 B shares, which corresponds to 5% of the total numbers of shares and votes in the company.
The acquisitions of own shares have been made in accordance with a mandate given on the Annual General Meeting on May 7, 2021 and in accordance with the board’s decision to utilize the mandate that was published on November 9, 2021.
The total number of outstanding shares in the company was 1,000,000 A shares and 388,933,009 B shares, 389,933,009 shares in total, at the time of this press release.
For further information, please contact:
Joakim Schedvins, CFO of Net Insight AB, 08-685 0400, email@example.com
About Net Insight
Net Insight (NASDAQ: NETI B) is defining new ways to deliver media, opening up opportunities for content owners, broadcasters, production companies, service providers and enterprises to produce and deliver the future of live sport, news and online content. The company is driving the transformation to IP, virtualization and cloud workflows and has built the market’s most open and cloud-ready media delivery platform for contribution, distribution, live production, and orchestration.
For over 20 years the world’s leading media brands have trusted Net Insight and the company is recognized for having set the benchmark for media transport. Now Net Insight is combining its broadcast heritage and R&D expertise with the deep IP knowledge gained from developing its own streaming solution to evolve Nimbra, its Emmy® Award winning video transport solution, for the new media era. With a strong vision for the future of IP and cloud, Net Insight is helping the world’s leading media brands to simply and cost-effectively produce and deliver content to viewers anywhere.
For more information, please visit netinsight.net