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Kurs & Likviditet
Beskrivning
| Land | Sverige |
|---|---|
| Lista | Mid Cap Stockholm |
| Sektor | Energi & Miljö |
| Industri | Energikällor |
The Board of Directors of Arise AB (below "Arise" or "the Company") has decided to utilise the authorisation granted by the Annual General Meeting on 7 May 2024 to repurchase the Company's own ordinary shares.
Repurchases of Arise's ordinary shares will be carried out on Nasdaq Stockholm in accordance with its Rulebook for Issuers, the EU Market Abuse Regulation ("MAR") and the EU Commission's Delegated Regulation 2016/1052 (the so-called "Safe Harbour Regulation"). Repurchases of shares will be managed by Kepler Cheuvreux, who will make its trading decisions regarding the timing of the repurchases of Arise's shares independently of Arise.
The buyback program is subject to the following terms:- The total number of shares that may be repurchased will be limited so that Arise's holding of its own shares at no time exceeds 10 percent of the total number of ordinary shares outstanding. The Company will initially repurchase own shares corresponding to an amount of up to SEK 50 million.
- Repurchases of shares on Nasdaq Stockholm are to be made at a per-share price within the registered interval of the going rate at any given time, which denotes the interval between the highest purchase price and the lowest selling price.
- Repurchases of shares will take place from 8 May 2024 to no later than the date of Arise's Annual General Meeting in 2025, whereafter the buyback program may be extended in accordance with the resolution of the Annual General Meeting.
- Payment of the shares will be made in cash.
The purpose of the repurchase of the ordinary shares is to adapt the Company's capital structure to its capital requirements over time, and thereby contribute to increased shareholder value. The intention is currently that the ordinary shares that have been repurchased will then be cancelled by resolutions at future General Meetings.
The total number of shares outstanding in the Company is 44,494,235 ordinary shares, prior to registration of the cancellation of 1,780,934 ordinary shares resolved at the Annual General Meeting on 7 May 2024. Arise currently holds 2,077,803 shares.
Halmstad, 7 May 2024
Arise AB (publ)
For further information, please contact
Per-Erik Eriksson, CEO Arise AB, +46 702 409 902
This information was submitted for publication, through the agency of the contact person set out above, at 16.00 CEST on 7 May 2024.