Bifogade filer
Boozt initiates repurchase program of own shares
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | Mid Cap Stockholm |
| Sektor | Handel & varor |
| Industri | Detaljhandel |
Pursuant to the authorization granted by the annual general meeting on April 25, 2024, the board of directors of Boozt AB (”Boozt”) has resolved to initiate a repurchase program of own ordinary shares.
The purpose of the repurchase program is partly to enable the Company to adapt its capital structure to its capital needs over time and thereby contribute to an increased shareholder value, and partly to enable the Company to finance acquisitions with its own ordinary shares as well as to secure the company’s undertakings in respect of long-term incentive programs.
Repurchases may only be made at Nasdaq Stockholm and in accordance with the following terms and conditions:
- Repurchases shall be made in accordance with Nasdaq Stockholm’s Rulebook for Issuers (the “Rulebook”).
- Repurchases may be initiated at the earliest on June 27, 2024, and may be made at the longest until the annual general meeting 2025.
- Repurchases may be made at one or several occasions at a price per share within the at each time registered price interval (i.e. the interval between the highest buying price and the lowest selling price) published at Nasdaq Stockholm.
- Repurchases may only be made in accordance with the restrictions regarding volume for acquisitions of own shares stated in the Rulebook.
- The total number of shares that may be repurchased may not result in that the Company’s shareholding (including holdings of C-shares) exceeds 10 per cent of the total number of shares in the Company at any given time and the amount to be paid for repurchased shares may in the aggregate not exceed SEK 200 million.
- Payment for shares shall be made in cash.
The total number of shares in Boozt amounts to 68,289,488, whereof 66,544,621 are ordinary shares and 1,744,867 are series C shares. All series C shares are held by Boozt to secure the company’s obligations in relation to outstanding share programs. As of today, Boozt holds 1,185,791 ordinary shares.