05:13 PM EDT, 05/13/2024 (MT Newswires) -- Jamf Holding ( JAMF ) disclosed an underwritten public offering Monday of nearly 9 million common shares by selling shareholders, the Vista Equity Partners-affiliated investment funds.

The selling shareholders plan to grant underwriters a 30-day option to buy up to about 1 million additional shares, the company added.

Jamf ( JAMF ) said it is not selling any shares in the offering and will not receive any proceeds from the sale.

The company also approved the repurchase of 2 million shares from the underwriters and plans to fund the transaction with cash on hand. The stock repurchase is subject to completion of the secondary offering.

Company shares fell 8% in recent after-hours activity.

Price: 18.70, Change: -1.71, Percent Change: -8.38