Concentric AB Acquires Own Shares
Regulatory News:
Under the authorisation from the annual general meeting 2016, the board of Concentric AB (publ) has decided to buy back own
shares on Nasdaq Stockholm. The repurchase is made on the purposes determined by the annual general meeting, i.e. to be able to
improve the company’s capital structure and to enable share transfers in accordance with the board’s proposals for authorisation
for the board to transfer own shares and for previous and proposed resolution on transfer of own shares to participants in LTI 2013
- 2016, to increase the flexibility for the board in connection to potential future corporate acquisitions, as well as to cover
costs for LTI 2013 - 2016 and enable delivery of shares in accordance with LTI 2013 - 2016.
Any acquisition of shares will take place before the annual general meeting 2017 and shall cover no more than 4,157,060 shares,
i.e. 10 per cent of the total number of shares in Concentric AB. The acquisitions will be managed by an investment firm or
financial institution which makes its trading decisions in relation to Concentric AB’s shares independently of and without
influence from Concentric AB.
The total number of shares in Concentric AB amounts to 41,570,600, whereof 275,136 own shares are held by Concentric AB in
treasury following the delivery of 115,360 shares on 28 April 2016 to satisfy Employee Stock Options exercised in relation to the
performance based incentive programme LTI 2013.
For information on the implementation of the share repurchases, please see www.nasdaqomxnordic.com. Repurchase of shares will not be press released separately, unless mandatory disclosure
obligations apply.
This information was brought to you by Cision http://news.cision.com
For Concentric AB:
Mia Segerberg, +46 722 269080
Corporate Communications
View source version on businesswire.com: http://www.businesswire.com/news/home/20160501005061/en/