Better Collective’s €10m share buyback programme nears conclusion

Better Collective’s latest share buyback programme has closed after spending SEK110.2m (€9.9m), as the affiliate looks to “optimise and improve” its capital structure.

First announced on 19 February, Better Collective said the programme would run from 20 February to 16 April – with 5,069,762 shares available worth nominally €0.01 each.

The Danish affiliate said the purchase of its own shares would be capped at a total market value of up to €10m.

In the initial announcement, the firm said the purpose was to “optimise and improve” capital structure, including reducing capital and covering share delivery obligations and future M&A obligations.

Appointing financial services group Nordea Bank App to oversee the process, the buyback programme took place over five tranches from 9 April to 15 April.

All taking place on the Nasdaq Stockholm, the first tranche saw 25,164 shares at an average purchase price of SEK108.8 sold for SEK2.7m.

The second tranche on 10 April saw 10,000 shares sold at an average purchase price of SEK114.9 for SEK1.1m.

Then, on 11 April, 11,400 shares were sold at an average purchase price of SEK115 for a total of SEK1.3m.

The penultimate tranche on 14 April had the second largest number of shares sold, 20,183, for an average purchase price of SEK118.5, resulting in a total of SEK2.4m.

The final tranche took place on 15 April and saw 10,000 shares sold at an average purchase price of SEK121.4, the largest price of the five tranches, for SEK1.2m. 

In total, Better Collective said 967,862 shares were purchased for SEK110.2m. There are still approximately €129,000 worth of shares to be completed under the programme.

The affiliate now owns 2,085,619 treasury shares, representing 3.3% of outstanding share capital, while its total share capital amounts to €630.8m.

Better Collective recently topped EGR’s Power Affiliates 2025, a position it has held for the past eight years.

The post Better Collective’s €10m share buyback programme nears conclusion first appeared on EGR Intel.

 Affiliate has snapped up 967,862 shares across five tranches in April after initiating programme in February to “improve” capital structure
The post Better Collective’s €10m share buyback programme nears conclusion first appeared on EGR Intel.