Physitrack PLC (Nasdaq First North: PTRK) ("Physitrack" or the "Company") today announces that it has received the necessary consent from its banking partner to proceed with its previously announced share buyback program (the "SBB"), removing the final material condition to implementation.
The SBB will be subject to an annual cap and will incorporate standard governance controls, including pause triggers and resumption conditions appropriate for a program of this nature. All repurchases will be conducted in accordance with the safe harbour provisions of EU Market Abuse Regulation (MAR) Article 5 and Nasdaq First North Premier Growth Market requirements.
Henrik Molin, CEO and co-founder, commented:
"Receiving bank approval is an important milestone. All material conditions to the program are now in place and we look forward to updating shareholders further in due course as we appoint a broker for the execution of the program."