The Annual General Meeting held on 2 May 2016 authorised the Board of Directors at Proact IT Group AB to implement a buyback of own shares amounting to a maximum of 10 per cent of the total number of outstanding shares.
Further progress towards the 5% target margin
Proact IT, Europe’s leading independent datacentre and cloud services provider, will deliver and manage a new converged IT platform to NHS Lanarkshire. This innovative converged IT solution is built on FlexPod architecture, from Proact’s managed cloud service portfolio, designed to underpin InterSystem’s TrakCare application for a new national patient information system. The requirement for this programme was driven by a need to replace existing legacy equipment used in the delivery of Patient Management in Lanarkshire. The FlexPod infrastructure will be fully managed by Proact.
Proact will provide leading Baltic EDI and e-invoicing services provider, Telema, with new managed infrastructure, which will deliver business critical services to more than 1,000 customers. The new infrastructure will support the fast growth of Telema's business and customer base by providing a reliable and scalable solution.
Stage Entertainment, the largest provider of live entertainment in Europe, famous for such musicals as The Lion King, Aladdin, and The Bodyguard, has opted for the Microsoft Azure hybrid cloud solution from Proact VX.
The Board of Directors at Proact IT Group AB ("Proact") has made a decision to initiate the buyback of its own shares within the scope of the authorisation concerning the acquisition of own shares, amounting to a maximum of 10 per cent of shares, as obtained at the Annual General Meeting held on 2 May 2016. This authorisation may be exercised up to the time of the next Annual General Meeting. The purpose of buybacks is in accordance with the decision of the Annual General Meeting.
Stable development in revenues and profit continuing
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