Nobia AB (publ) to repurchase own shares
The Annual General Meeting (AGM) resolved on April 29, 2021, to authorize the Board to decide on the repurchase of own shares. Based on this authorization, the Board has decided to initiate a repurchase program. The aim of the repurchase program is to meet the requirements arising under Nobia’s outstanding Performance Share Plans, meaning securing delivery of Nobia shares to the participants and securing and covering the costs for social fees that may arise.
The repurchases are subject to the following terms and conditions:
- Acquisitions may be conducted on one or more occasions until September 30, 2021.
- A total maximum of 600,000 shares may be acquired.
- Acqusitions of shares may only be conducted on Nasdaq Stockholm at a price per share within the share-price interval registered at any time, meaning the interval between the highest buying price and lowest selling price.
Acquired own shares can be delivered to the participants in Nobia’s outstanding Performance Share Plans in accordance with the terms and conditions resolved at the respective Annual General Meetings.
As of the date of this press release, the total number of shares in Nobia is 170 293 458 shares. Nobia does currently hold 1 440 637 treasury shares. Completed acquisitions of own shares will be disclosed and reported in accordance with applicable laws and regulations as well as Nasdaq Stockholm’s Nordic Main Market Rulebook for Issuers of Shares.
For complete information on the authorization resolved by the Annual General Meeting, visit, https://www.nobia.com/agm2021