CEO Aroosh Thillainathan Completes Acquisition of Northern Data Group Shares

Frankfurt/Main - 6 September 2024 - Northern Data AG announced the successful completion of its CEO Aroosh Thillainathan’s preset share purchase plan. During the period from 16 August 2024 to 4 September 2024, Thillainathan acquired a total of 370,500 shares via his family office, ART Beteiligungs Management GmbH, for approximately EUR 10 million, including fees.

Between 2 September and 4 September 2024, 91,719 shares were purchased at an average price of EUR 27.68 per share. Consequently, Thillainathan’s stake in Northern Data Group increased to 4,959,067 shares, approximately 7.72% of the company’s share capital following a recent capital increase.

This acquisition reflects a strategic move by the CEO to bolster his investment in the firm, coinciding with Northern Data Group's recent growth initiatives and investments in high-performance computing infrastructure.