On August 31, 2022, a reduction of the share capital in Net Insight AB was completed by withdrawal of 21,175,000 B shares held by the company. The company’s new holding of own shares amounts to 4,080,000 B shares, which corresponds to approximately 1.1% of the total numbers of shares and votes in the company.
The reduction of share capital by withdrawal of shares has been made in accordance with the resolution taken at the Annual General Meeting on May 13, 2022 and with authorization from the Swedish Companies Registration Office.
At the time of this press release, the total number of outstanding shares in Net Insight AB was 1,000,000 A shares and 367,758,009 B shares, in total 368,758,009 shares representing 377,758,009 votes in the company.
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) provides the highest performing, most open video transport and media cloud technology for content providers as the industry standard for flexibility and service across live contribution, distribution and remote production media workflows.
For over 25 years, the world’s leading content owners, broadcasters, production companies, service providers and enterprises have trusted Net Insight’s Emmy® Award winning Nimbra technology to guarantee media delivery. Today, Net Insight partners with hundreds of customers in over 70 countries to ensure media flows across managed and unmanaged IP networks, and the cloud – from anywhere, to everywhere. It enables customers to get the best from any mix of virtualized, cloud and IP technology and is as the only platform to support all the major industry standards, protocols and clouds.
For more information, please visit netinsight.net