Initiation of share buyback programme for DKK 150 million

Matas A/S
Changes in company's own shares

Initiation of share buyback programme for DKK 150 million

Company announcement no. 15 2016/17

Allerød, 2016-08-30 08:56 CEST (GLOBE NEWSWIRE) -- The Board of Directors has
resolved to apply the authorisation to buy the company's own shares granted at
the Annual General Meeting held on 29 June 2016. The authorisation allows Matas
to buy up to 10% of the company's capital. Before the start-up of the
programme, Matas holds 261,948 treasury shares, equivalent to 0.7% of the share

The share buyback programme is initiated in order to adjust the company's
capital structure and reduce its capital. The programme will run from and
including 1 September 2016 through 31 March 2017 at the latest. During the
period, Matas will buy back shares for a total market value of DKK 150 million
in accordance with Article 5 of Regulation No. 596/2014 of the European
Parliament and Council of 16 April 2014 (MAR) and Regulation 2016/1052, also
referred to as the "Safe Harbor" rules, which ensure that the company is
protected against violation of insider legislation in connection with the
buyback programme. 

Matas has appointed Danske Bank to be in charge of the share buyback process.
Pursuant to a separate agreement with Matas, Danske Bank will buy shares and
make its trading decisions independently and without any influence from Matas
and within the following framework: 

  -- The maximum value of shares bought back will be DKK 150 million, and the
     maximum number of shares bought back will be 1,875,000, equivalent to 4.8%
     of Matas’s share capital.

  -- ​
The price of the shares bought back under the programme may not exceed the
     higher of (i) the share price of the latest independent transaction on the
     market in question and (ii) the highest independent bid on the shares on
     the market in question at the time of the transaction.

  -- ​
The value of shares bought back in a single day cannot exceed 25% of the
     average daily volume of the company's shares traded on the market in
     question for the 20 trading days immediately preceding the date of the

At least every seven trading days, Matas will issue an announcement in respect
of the transactions made under the repurchase programme. 

Please address any questions to Søren Mølbak, Head of Investor Relations, at
tel +45 48 1655 48 

Matas A/S