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Change in number of shares and votes in Net Insight

During June 2023, 110 000 warrants in the long-term incentive program that was decided by the annual general meeting 2020 (LTI 2020) have been exercised, resulting in an increase of 110 000 B-shares and votes in Net Insight AB.

Before the warrants were exercised, there were 1 000 000 A shares and 367 758 009 B shares, in total 368 758 009 shares and 377 758 009 votes. As of June 30, 2023, there are 1 000 000 A shares and 367 868 009 B shares, in total 368 868 009 shares and 377 868 009 votes. It can be noted that a reduction of share capital with cancellation of shares is ongoing, whereby the numbers of B shares and votes will decrease by 12 775 000.

For further information, please contact:
Joakim Schedvins, CFO, +46 8 685 04 00, joakim.schedvins@netinsight.net

About Net Insight

Net Insight (Nasdaq: NETI B) provides the highest performing, most open video transport and media cloud technology for content providers as the industry standard for flexibility and service across live contribution, distribution and remote production media workflows. 

For over 25 years, the world's leading content owners, broadcasters, production companies, service providers and enterprises have trusted Net Insight's Emmy® Award winning Nimbra technology to guarantee media delivery. Today, Net Insight partners with hundreds of customers in over 70 countries to ensure media flows across managed and unmanaged IP networks, and the cloud – from anywhere, to everywhere. It enables customers to get the best from any mix of virtualized, cloud and IP technology and is the only platform to support all the major industry standards, protocols and clouds.

For more information, please visit netinsight.net

Follow us:
LinkedIn: linkedin.com/company/net-insight/ Twitter: twitter.com/NetInsight

This information is information that Net Insight is obliged to make public pursuant to the Financial Instruments Trading Act. The information was submitted for publication at 2023-06-30 07:00 CEST.

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Change in number of shares and votes in Net Insight

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Net Insight to launch buyback program of SEK 50 million

The Board of Net Insight AB has approved a buyback program for own shares with a value of SEK 50 million in accordance with the mandate given by the 2023 Annual General Meeting. The program will commence on June 7, 2023, and run until the next annual general meeting. Within the mandate, the board is given capacity to, on one or more occasions, decide on repurchases of own shares amounting to at most 10% of the total number of shares in the company.

In its decision on the size of the program, the board has taken into account that the company is in an expansion phase within both product area Synchronization and Media, with expansions into new market segments and customer segments. The company remains well capitalized to deliver on the company's strategic goals.

The purpose of the repurchases is to provide flexibility as regards the company's capital structure and possibilities to distribute capital to its shareholders.

Net Insight has engaged Nordea Bank Abp to execute the repurchase program. Nordea Bank will decide on the repurchases, including their timing, based on irrevocable instructions and in full independence. All repurchases will be made in compliance with applicable price and volume limits.

At the time of this announcement, the number of outstanding shares in the company is 1,000,000 A shares and 367,758,009 B shares, 368,758,009 shares in total. It can be noted that a reduction of share capital with cancellation of shares is ongoing, whereby the amount of B shares will be reduced by 12,775,000.

For further information, please contact:
Joakim Schedvins, CFO of Net Insight AB, +46 8 685 04 00, joakim.schedvins@netinsight.net

About Net Insight

Net Insight (Nasdaq: NETI B) provides the highest performing, most open video transport and media cloud technology for content providers as the industry standard for flexibility and service across live contribution, distribution and remote production media workflows. 

For over 25 years, the world's leading content owners, broadcasters, production companies, service providers and enterprises have trusted Net Insight's Emmy® Award winning Nimbra technology to guarantee media delivery. Today, Net Insight partners with hundreds of customers in over 70 countries to ensure media flows across managed and unmanaged IP networks, and the cloud – from anywhere, to everywhere. It enables customers to get the best from any mix of virtualized, cloud and IP technology and is the only platform to support all the major industry standards, protocols and clouds. 

For more information, please visit netinsight.net

Follow us:
LinkedIn: linkedin.com/company/net-insight/ Twitter: twitter.com/NetInsight

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Net Insight to launch buyback program of SEK 50 million

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Net Insight secures order for prestigious high-end live sports event network in Germany

Stockholm, Sweden – Net Insight teams up with MTI, Germany's leading media backbone operator together with SHM Broadcast GmbH, a local partner in Germany for a live sports event in June. This deal reaffirms the partnership between the companies, built on trust and a shared dedication to delivering a complete live media transport solution with highest requirements for low latency, resiliency, redundancy, security, scalability, and manageability.

The network supports regional primary contribution between the main IBC centers in Berlin and Munich, ensuring full quality, service security and availability. Net Insight will supply network equipment based on Nimbra 1060, Nimbra 680 and Nimbra 640´s, including Nimbra Vision Management. The customer's network will support 4K, HD-SDI, J2K, data services, and audio services.

"We are thrilled to collaborate with MTI and SHM Broadcast GmbH for this live sports event network. This project showcases our commitment to delivering best-in-class solutions that meet the most demanding requirements for live media transport," says Crister Fritzson, CEO at Net Insight. "Our long-standing relationship with them is built on trust, expertise, and a mutual understanding of the importance of providing top-notch service quality and reliability for our customers."

"Choosing Net Insight as our partner for this significant project was a natural decision, given our successful history together. Their media technology made them the ideal choice for this live sports event network," says David Mueller, Commercial Director at MTI. "We are confident in their ability to deliver a robust and reliable solution, and we look forward to working closely with them to ensure the highest level of performance for the viewers."

The solution offered by Net Insight addresses challenges such as creating a more reliable platform and guaranteeing full quality of service for live media, with 100% assurance of service quality, availability, security, and accuracy. It also offers extremely low latency support, performance monitoring for both services and network links, and enables the customer to take complete ownership of its live media content. Key benefits for the customer include the ability to access all required services through one platform with one management system.

The order was received and delivered in May.

For further information, please contact:
Crister Fritzson, CEO of Net Insight AB, +46 8 685 04 00, crister.fritzson@netinsight.net

About Net Insight

Net Insight (Nasdaq: NETI B) provides the highest performing, most open video transport and media cloud technology for content providers as the industry standard for flexibility and service across live contribution, distribution and remote production media workflows. 

For over 25 years, the world's leading content owners, broadcasters, production companies, service providers and enterprises have trusted Net Insight's Emmy® Award winning Nimbra technology to guarantee media delivery. Today, Net Insight partners with hundreds of customers in over 70 countries to ensure media flows across managed and unmanaged IP networks, and the cloud – from anywhere, to everywhere. It enables customers to get the best from any mix of virtualized, cloud and IP technology and is the only platform to support all the major industry standards, protocols and clouds.

For more information, please visit netinsight.net

Follow us:

LinkedIn: linkedin.com/company/net-insight/ Twitter: twitter.com/NetInsight

About MTI

For more information, please visit mti-teleport.de

About SHM Broadcast

For more information, please visit www.shmbroadcast.de

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Net Insight secures order for prestigious high-end live sports event network in Germany

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