Digia Plc Repurchased Own Shares
Software company Digia Plc announced it repurchased 1,557 of its own shares on March 3, 2022, on Nasdaq Helsinki. The average price per share was EUR 7.24.
Digia Plc announced on March 3, 2022, that it had repurchased 1,557 of its own shares on the Nasdaq Helsinki stock exchange. The transactions were executed through OP Corporate Bank Plc, according to a company press release.
The total cost for these repurchased shares amounted to EUR 11,270.56, with an average price of EUR 7.2386 per share. Following these transactions, Digia's total holding of its own shares increased to 296,171.
Digia is a Finnish software and services company that assists customers in digitalizing and making their businesses more intelligent. The company employs approximately 1,600 professionals and is listed on Nasdaq Helsinki.
Share repurchases are a common financial tool used by companies to manage their capital structure or return capital to shareholders. While these actions do not directly reflect operational performance, they can indicate management's confidence in the company's valuation.