Share buyback program
The Board of Directors of Momentum Group has decided to exercise the authorization granted by the Annual General Meeting held on 9 May 2023 to repurchase own shares.
Acquisitions are to be carried out on Nasdaq Stockholm in accordance with the Stock Exchange’s Rule Book for Issuers at a price that is within the registered price range at any given time, meaning the range between the highest purchase price and the lowest selling price. Acquisitions are to be paid for in cash and may be carried out on one or more occasions.
The Meeting also authorised the Board, prior to the next Annual General Meeting, 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 and to pay for future acquisitions of businesses and operations using treasury shares.
Momentum Group currently holds 1,259,624 Class B treasury shares, equivalent to 2.5 per cent of the total number of shares and 2.3 per cent of the voting rights. The total number of shares in Momentum Group, including the Company's holdings, amounts to 50,480,889.
Click on the link below for updates of completed repurchases, please select "Momentum Group" in the field "Company".
