Northern Data Group CEO Increases Stake through Preset Purchase Plan

Frankfurt/Main – 2 September 2024 – Northern Data AG announced that CEO Aroosh Thillainathan acquired 278,781 shares in Northern Data Group through his family office ART Beteiligungs Management GmbH. The acquisition took place from 16 August to 30 August 2024, amounting to approximately EUR 7.41 million.

These acquisitions are part of a preset plan announced on 15 August 2024, which provides for the purchase of up to EUR 10 million worth of shares by 15 October 2024. The current acquisition has increased Thillainathan's stake in the company to roughly 7.58% of the share capital.

The average purchase price per share during this period was around EUR 26.58, with the highest price being EUR 29.55 and the lowest EUR 22.95. Following the capital increase resolved on 15 July 2024, Northern Data Group's share capital now stands at EUR 59,799,409.00, and further increases are expected.

Northern Data Group will continue to update on share acquisitions and the registration of additional capital increases.