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2016-10-25

Proact IT Group: Proact buys back own shares

The Annual General Meeting held on 2 May 2016 authorised the Board of
Directors at Proact IT Group AB to implement a buyback of own shares
amounting to a maximum of 10 per cent of the total number of
outstanding shares.

According to a press release published on 19 July 2016, Proact's Board
has made a decision to buy back the company's own shares. As at 24
October 2016, a total of 53,500 shares have been bought back, at an
average price of SEK 140 per share. With this, a total of 131,625
shares have been bought back since the Annual General Meeting, a
figure equivalent to 1.4 per cent of the total number of outstanding
shares in the company. A total of 9,333,886 shares are held in
Proact. Since buying back its own shares, Proact holds a total of
171,769 shares in its own custody, which is equivalent to 1.84 per
cent of the total number of outstanding shares.

For further information, please contact:

Jason Clark, CEO and President, Proact IT Group AB, tel +44 1246
266300

Jonas Persson, CFO, Proact IT Group AB, tel +46 733 56 66 90,
jonas.persson@proact.eu

Peter Javestad, VP / IR, Proact IT Group AB, tel +46 733 56 67 22,
peter.javestad@proact.eu

About Proact

Proact is Europe's leading independent datacentre and cloud services
provider. Proact supplies business benefits by helping companies and
authorities to reduce risk and costs, and above all to supply them
with flexible, accessible and secure IT services. Proact's cloud
service operations manage 70 petabytes of information. Proact has
completed more than 3,500 successful projects all over the world to
date.

The Proact Group has more than 720 employees and operates in 15
countries in Europe and in the USA. Proact was founded in 1994, and
its parent company Proact IT Group AB (publ) has been listed on
Nasdaq Stockholm under the symbol PACT since 1999.

For further information about Proact's activities please visit us at
www.proact.eu

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http://news.cision.com/proact-it-group/r/proact-buys-back-own-shares,c21...
http://mb.cision.com/Main/299/2107320/579137.pdf

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