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Wednesday, 12 July 2017

Klövern AB: Klövern initiates acquisition of its own shares

Klövern AB (publ)    

Klövern AB: Klövern initiates acquisition of its own shares

In accordance with a decision at the Annual General Meeting on 26 April 2017, Klövern AB (publ) will begin to acquire its own ordinary shares of Class B. Purchase of own shares may takeplace on one or more occasions during the period until the next Annual General Meeting.

 

At the Annual General Meeting the Board was authorized to decide on acquiring and transferring the company's own shares. Acquisitions may take place of at most the number of ordinary shares of Class A and Class B and preference shares so that the group's total shareholding of its own ordinary shares of Class A and Class B and preference shares amounts to at most ten per cent of all registered shares issued by the company.

 

Acquisitions will take place by trading on Nasdaq Stockholm at a price per share that is within the price range registered at each occasion. Payment for the shares acquired shall be made in cash.

 

Purchase of own shares provides greater possibilities to adapt the capital structure of the company to the capital requirement from time to time and thus be able to contribute to increased shareholder value. Purchase of own shares also provides the possibility to transfer shares in connection with financing of acquisitions of properties or companies through payment in the form of the company's own shares.

 

Klövern AB (publ) does not currently hold any of its own shares.

 

Klövern AB (publ)

 

 

For additional information:

Rutger Arnhult, CEO, +46 (0)70-458 24 70, rutger.arnhult@klovern.se

Lars Norrby, IR, +46 (0)76-777 38 00, lars.norrby@klovern.se

 

Klövern is a real estate company committed to working closely with customers to offer them efficient premises in growth regions. Klövern is listed on Nasdaq Stockholm. For further information, see www.klovern.se.

Klövern AB (publ), Bredgränd 4, 111 30 Stockholm. Phone: +46 (0)10-482 70 00. E-mail: info@klovern.se.

 



170712 Klövern initiates acquisition of its own shares (pdf)



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Klövern AB (publ), Box 1024, Nyköping 611 29,
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