CEO Aroosh Thillainathan Increases Stake in Northern Data AG Through Preset Purchase Plan

Northern Data AG disclosed that CEO Aroosh Thillainathan has elevated his shareholding in the company through a preset purchase arrangement. In a spree from February 3 to March 1, 2024, Thillainathan, via his family office ART Beteiligungs Management GmbH, acquired 555,516 shares of Northern Data for about EUR 15.9 million.

This recent acquisition boosts Thillainathan’s total ownership to 3,615,458 shares, representing roughly 6.76% of the company's current share capital. This action was part of a broader purchasing scheme announced in early January 2024, which permits monthly acquisitions of up to EUR 9 million in shares, aiming at a total expense of up to EUR 30 million by May 2024.

The acquisition activity unfolds under a standing order with a broker, not limited by monthly volume for over-the-counter purchases. Throughout this purchasing period, shares were bought at an average price of approximately EUR 28.55 per share, with the highest and lowest prices being EUR 33.38 and EUR 23.85, respectively.

Northern Data Group emphasizes its commitment to transparency by pledging regular updates on the share acquisition progress till the expiration of the purchase order. This strategic move underscores the confidence of the leadership in the company's value and future prospects.