Meltwater Announces Share Buyback Program

Meltwater Announces Share Buyback Program

01 Dec 2021 07:24 CET

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Meltwater B.V., a leading global SaaS provider of media intelligence and social
analytics, announced today that it plans to commence a share buyback program of
up to 50m USD.

The share buyback program will comprise an initial offer to eligible Meltwater
employees, to be followed by general market repurchases. The program is subject
to approval of the authorization to buy back shares in the extraordinary general
meeting on 3 December 2021, reconfirming the authorization granted by the annual
general meeting on 30 June 2021.

John Box, Chief Executive Officer commented, "Our stock repurchase program is
designed to address both open market purchases and stock coming off of lock-up
from our employees. This demonstrates our confidence in Meltwater's business and
the growth opportunities we see over the long term as well as our ability to
support our employees."

Under the program, Meltwater intends to make repurchases of shares in the open
market, in line with applicable restrictions, relevant guidelines and main safe
harbor principles on price and volume limitations. Any such repurchases, if
made, are expected to begin in late December/early January, and remain in place
until 30 June 2022 or such earlier time as the board of directors resolves to
terminate the program. Aggregate repurchases from both parts of the program will
be up to 50m USD.

Additionally the company intends, in connection with the expiry of agreed
lock-ups, to facilitate an opportunity for employee holders to sell up to 25% of
their total holdings through an employee offer. The employees who participate
will then be subject to a further 3-month lock-up. The price per share to be
paid in the offer, to be carried out in December 2021, will be equal to the
volume weighted average trading price in a 5-trading day period starting 10
trading days after launch. The buyback offer to employees will be capped at 25m
USD. John Box (CEO), Lena Shishkina (CFO), Aditya Jami (CTO) and Jørn Lyseggen
(Executive Chairman) will not take part in this buyback offer.

Meltwater continues to have an active M&A strategy, and any shares repurchased
are expected to be used as consideration in future acquisitions or, absent this,
be cancelled.

Further information about the results of the employee offer and further share
repurchases in the open market will be announced in due course.

For further information, please contact:
- Geir Harald Aase (Investor Relations and Media Contact Oslo),
[email protected]
- Brinlea Johnson (Investor Relations and Media Contact New York),
[email protected]

About Meltwater
Meltwater provides social and media intelligence. By examining millions of posts
each day from social media platforms, blogs and news sites, Meltwater helps
companies make better, more informed decisions based on insight from the
outside. The company was founded in Oslo, Norway, in 2001 and is headquartered
in San Francisco, California, with 50 offices across six continents. The company
has 2,000 employees and 27,000 corporate customers, including industry leaders
in several sectors. Learn more at meltwater.com.

This information is subject to the disclosure requirements pursuant to section
5-12 the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

Source

Meltwater B.V.

Provider

Oslo Børs Newspoint