The Board of Directors of
- recall the current share repurchase program of a maximum of 4,000,000 own shares in which, as of today, 918,635 own shares have been repurchased, and
- start a new repurchase program of a maximum of 3,000,000 own shares at a total amount not exceeding
SEK 500 M.
Acquisition of own shares should take place on Nasdaq Stockholm in accordance with the Nasdaq Stockholm Rule Book for Issuers. The repurchase program will be carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 (“MAR”) and the Commission Delegated Regulation (EU) No 2016/1052 (the “Safe Harbour Regulation”).
The reason for the decision of the Board is that the new program is established in accordance with the Safe Harbour Regulation which enables repurchase of own shares also during the silent periods and when the company has an open logbook.
The reason for the repurchase program is to optimize the capital structure of the company.
Repurchases may take place until the company’s next AGM on
The repurchase program will be managed by Nordea that, based on the trading order given by
The shares will be bought at a price per share within the price range on Nasdaq Stockholm at any given time, by which is meant the range between the highest buying price and the lowest selling price published continuously by Nasdaq Stockholm and in addition in accordance with the restrictions relating to price in the Safe Harbour Regulation.
Acquisitions may only be effected in accordance with the restrictions regarding volume for acquisitions of own shares stated in the Rule Book and in the Safe Harbour Regulation.
At the time of this press release the total number of shares in the company is 102,799,952 and
For information please contact:
Per Avander, Managing Director and CEO, +46 (0)10 497 70 00, per.avander@bilia.se
Kristina Franzén, CFO, +46 (0)10 497 73 40, kristina.franzen@bilia.se
This is information that
Facts about the
Attachment
- The Board of
Bilia has taken decision to replace ongoing share repurchase program with a new share repurchase program in accordance with the Safe Harbour Regulation
© OMX, source