IC Group A/S (CPSE:IC) commences an Equity Buyback Plan for 1,709,085 shares, representing 10% of its issued share capital under the authorization approved on September 27, 2017.

IC Group A/S (CPSE:IC) commences share repurchases on August 28, 2018 under the program mandated by the shareholders in the Annual General Meeting held on September 27, 2017. As per the mandate, the company is authorized to repurchase up to 1,709,085 shares, representing 10% of the company’s share capital. The shares will be repurchased at a price close to the market price based on offers received during the offer period so that the offer price may not deviate by more than 10% from the closing price on Nasdaq Copenhagen on 11 September 2018. The buyback will be funded out of the divestment of Peak Performance, which was completed on 29 June 2018. The plan will be valid up to September 11, 2018.