Head NV has bought back 8.88 million ordinary listed shares of its stock amounting to 10.1% of the issued share capital of the company. These shares were bought by Head NV at a cost of €4.17 million.
The shares will be used to fulfil Head NV's outstanding obligations under its stock option programme. This buyback presented Head NV with the opportunity to service its stock option programme without shareholders suffering dilution, at an attractive price, through a direct repurchase that, with current trading volumes, would have been unattainable via any on-exchange buyback.
