Green Landscaping Group initiates additional repurchase of own shares
The Board of Directors of Green Landscaping Group AB (publ) (“Green Landscaping”) has, with the support of the authorization from the Annual General Meeting on 25 April 2024, decided to extend the repurchase program of own shares. The purpose of the share buy-back program is to enable Green Landscaping Group to use repurchased own shares to finance future acquisitions and avoid dilution for existing owners.
The authorization gives the company the opportunity to repurchase and hold a maximum of 10 percent of the outstanding shares.
Repurchases may further take place on the following conditions:
- Share repurchases shall take place on Nasdaq Stockholm and take place in accordance with the rules concerning the purchase of own shares set out in Nasdaq Stockholm Rules for issuers.
- The repurchases may be made during the period from 7 June until the next annual general meeting.
- Repurchases of shares on Nasdaq Stockholm may take place at a price per share within the quoted price range registered at any given time, by which is meant the interval between the highest purchase price and the lowest selling price.
- Repurchases may take place with a total amount of a maximum of SEK 20 million.
- Payment for the shares must be made in cash.
At the time of this press release, the total number of shares and votes in Green Landscaping Group is 56,799,575 of which the number of own shares amounted to 691,305. Completed acquisitions of treasury shares will be announced and notified in accordance with applicable laws and regulations and Nasdaq Stockholm Rules for issuers.