Finalization of share buyback program in Initiator Pharma
Initiator Pharma A/S (“Initiator” or the “Company”) has today finalized the share buyback that was announced on 14 October 2024.
Today, Initiator has finalized the buyback of shares that was announced on 14 October 2024. In connection with the share buyback, the Company has repurchased a total of 23,000 shares ("Treasury Shares"), through Nasdaq First North Growth Market. The average price was SEK 7.24 (DKK 4.71).
Initiator has sold the Treasury Shares to certain members of the Board of Directors as matching shares under the LTI2023-program. Each share was sold at a price of DKK 0.105 per share corresponding to par value.
The aggregate gross proceeds from the sale of treasury shares are DKK 2,415.