Bifogade filer
Momentum Group resolves on share buyback program
Momentum 27
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Sektor | Tjänster |
| Industri | Industri |
The Board of Directors of Momentum Group (publ) has decided to exercise the authorization granted by the Annual General Meeting held on 11 February 2022 to repurchase own shares. The aim with the share buyback program is to adapt the Group's capital structure and enable financing of future acquisitions of companies or businesses with own shares.
The repurchases will be carried out on an ongoing basis, on one or more occasions, until the 2023 Annual General Meeting. According to the Board's decision, the share repurchases during the period may not mean that the holding of shares in treasury exceeds ten percent of the total number of outstanding shares. Repurchases may only take place at a price per share within the registered span of share prices on Nasdaq Stockholm at any given time (ie in the interval between the highest buying price and the lowest selling price).
At the date of issue of this press release, the company does not hold any shares in treasury. The total number of shares in Momentum Group amounts to 50,480,889, of which 564,073 are Series A shares and 49,916,816 are Series B shares.
Momentum Group has commissioned Handelsbanken to manage the share buyback program. Reporting of completed repurchases will be carried out in accordance with applicable rules.