Share buyback program
The Board of Directors of Momentum Group has decided to exercise the authorization granted by the AGM to repurchase own shares, including maximum number of Class B shares so that the company’s holding of treasury shares at no time exceeds ten per cent of the total number of shares in the company.
Acquisitions are to be carried out on Nasdaq Stockholm in accordance with the Stock Exchange’s Rule Book for Issuers and may not be acquired at a price higher than the higher of the prices of the last independent trade and the highest current independent bid on the trading venue where the purchase is made. Acquisitions may not be made at a price lower than the lowest price at which an independent acquisition can be made. Acquisitions are to be paid for in cash and may be carried out on one or more occasions.
The AGM also authorised the Board, prior to the next AGM, to divest Class B shares held in treasury by the company in a manner other than on Nasdaq Stockholm. This authorisation may be utilised on one or more occasions and encompasses all shares held in treasury by the company at the time of the Board’s decision. The authorisation also entitles the Board to decide to deviate from the shareholders’ preferential rights and stipulates that payment may be made by other means than money.
The purpose of this authorisation is to be able to adapt the Group’s capital structure, to pay for future acquisitions of businesses and operations using treasury shares and to secure delivery of shares in connection with the company’s outstanding incentive programs from time to time.
Click on the link below for updates of completed repurchases, please select “Momentum Group” in the field “Company”.
