CEO Aroosh Thillainathan Increases Stake in Northern Data Group

Northern Data AG announced the successful completion of its CEO, Aroosh Thillainathan's, preset share purchase plan. Thillainathan, through ART Beteiligungs Management GmbH, his family office, bought additional Northern Data shares, raising his stake to 7.15% of the company’s share capital.

From January 8 to March 19, 2024, a total of 1,062,490 shares were acquired for about EUR 30 million, increasing Thillainathan’s holdings to 3,823,806 shares. This significant purchase underscores the CEO's investment in the company’s future, with share prices ranging during the period. The acquisition aligns with Northern Data’s continuing efforts to solidify its position in high-performance computing (HPC) infrastructure solutions.