Intrum Justitia Completes 250,000 Share Repurchase

European accounts receivable management firm Intrum Justitia said last week that it had completed its previously announced plan to repurchase 250,000 of its shares to buoy a stock-based compensation program.

Intrum, based in Stockholm, Sweden, announced last month that it would be repurchasing the block of share to use in a performance-based stock compensation program for senior management (“Intrum Justitia Announces Major Rebranding, Repurposing and Share Repurchase,” May 15).

The company said it purchased the shares at an average price of $16.83. Intrum’s stock closed at $16.50 in trading Friday.

Intrum’s board had authorized a share repurchase of up to 400,000 shares. The company noted in a release that it may still buy an additional 150,000 shares.

Intrum Justitia is one of Europe’s largest debt purchasers and collectors with 3,100 employees in 24 countries.