Rusta’s board of directors has resolved to repurchase own shares
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | Mid Cap Stockholm |
| Sektor | Handel & varor |
| Industri | Detaljhandel |
The board of directors of Rusta AB (publ) (“Rusta”) has resolved, pursuant to the authorisation from the annual general meeting on 1 September 2023, to repurchase own shares on Nasdaq Stockholm. The purpose of the repurchase is to meet the obligations arising from Rusta’s share savings programme (“LTIP 2023”), i.e., to secure delivery of performance and matching shares to the participants and to secure costs for social security contributions that may arise from LTIP 2023.
The repurchase may commence on 20 March 2024 and shall end not later than 30 April 2024, and will be administrated by Carnegie Investment Bank AB (publ) (“Carnegie”), which, based on the trading order given by Rusta to Carnegie, will make its trading decisions independently of Rusta with regard to the timing of the repurchases.
The repurchase may comprise a maximum of 269,141 shares on one or several occasions and shall be made on Nasdaq Stockholm in accordance with applicable rules. The repurchase will be made at a price per share within the from time to time registered trading interval. Payment for the shares will be made in cash. Reporting will take place through Nasdaq Stockholm in accordance with applicable rules.
The total number of shares in Rusta amounts to 151,792,800. At the time of this press release, Rusta holds no treasury shares. In the event of a fully executed repurchase, Rusta will own shares corresponding to a maximum of approximately 0.18 per cent of the issued shares in Rusta.
About Rusta
Rusta is a leading retailer in the Nordic low-price market with over 200 stores in Sweden, Norway, Finland and Germany. The physical stores are supplemented by Rusta's online sales channel, Rusta Online, in Sweden and Finland. Rusta offers a wide but carefully selected range of home and leisure products, with good quality at low prices. Rusta has more than 4,000 employees with headquarter in Upplands Väsby, Sweden. Rusta's shares are traded on Nasdaq Stockholm (RUSTA).
For further information, please contact:
Cecilia Gärdestad, Corporate PR and Investor Relations
Telephone: +46 (0)70 166 48 73
E-mail: cecilia.gardestad@rusta.com
investors.rusta.com