Stillfront Group AB (publ) (OM:SF) commences share repurchases on April 25, 2024, under the program mandated by the shareholders in the Annual General Meeting held on May 11, 2023. As per the mandate, the company is authorized to repurchase up to 41,361,042 shares, representing 7.89% of its issued share capital. The company is authorized to repurchase shares in a manner such that the company?s holding in treasury does not exceed 10% of its issued share capital.

The shares will be repurchased at price range within the registered price interval at any given time. The purpose of the program is to give the company flexibility regarding its equity and thereby optimize the capital structure of the company. The repurchased shares may be used as payment for, or financing of, acquisitions of companies or assets, including earn-out considerations, or in connection with the delivery of shares to participants in the company?s incentive programs. The authority shall expire at date on which the next Annual General Meeting is required to be held.

As of April 6, 2023, the company had 513,199,454 shares in issue and had 11,065,448 treasury shares.