Press release _Nivika has repurchased own shares for SEK 188 million and intends to reduce the number of shares through cancellation_2026-06-01
Nivika has repurchased own shares for SEK 188 million and intends to reduce the number of shares through cancellation
Nivika Fastigheter AB (publ) ("Nivika") has, within the framework of the share repurchase programme announced on 25 May 2026, repurchased a total of 4,985,700 own Class B shares. The total repurchase amount amounted to approximately SEK 188 million and the average repurchase price to SEK 37.70 per share. The Board of Directors intends to convene an Extraordinary General Meeting shortly to resolve on the cancellation of 5,385,594 of the Company's own Class B shares.
– The share repurchase forms part of our strategy for efficient capital allocation and aims to create long-term value for our shareholders. By reducing the number of outstanding shares, each remaining share's proportionate share of the Company's net asset value and earnings from property management increases, while maintaining a sound financial position. We believe that the repurchase represents an attractive use of capital given the Company's financial position and market valuation, says Sverker Källgården, CEO of Nivika.
Following the completed repurchases, Nivika holds a total of 5,398,612 own Class B shares. Notice of the Extraordinary General Meeting will be published separately.
