Repurchases may be made on one or several occasions during the period up until the next Annual General Meeting. A maximum number of shares may be repurchased so that Proact's total holding at any time does not exceed 10 percent of Proact's total number of outstanding shares.

Repurchases shall be made in accordance with Nasdaq Stockholm's Rulebook for Issuers. Repurchases may only be effected at a price per share within the price interval applying on Nasdaq Stockholm from time to time, which refers to the interval between the highest buying price and the lowest selling price continuously disseminated by Nasdaq Stockholm. 

The purpose of the repurchase program is to enable Proact to adapt the capital structure of the company in a flexible way, as well as enable the use of its own shares to pay for acquisitions and for long term incentive programs. 

"With the strong cash flow that Proact generates, we have built a very solid balance sheet. We recognise the possibility to further optimise our capital structure and we continue to execute on our acquisition strategy in parallel," says Jonas Hasselberg, CEO of Proact.

As of the date of this press release, the total number of shares in Proact is 28,001,658 shares, of which Proact holds 501,710 shares, corresponding to 1.8 percent of the total number of outstanding shares in the company.

This disclosure contains information that Proact IT Group AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 28-11-2023 08:00 CET.