The Annual General Meeting 2023 authorised the Board in Alimak Group AB (publ) to resolve on acquisition of own shares to adjust the company's capital structure, create value for shareholders, provide the opportunity to offer own shares as payment in relation to acquisitions, be able to meet commitments under call option programs and to cover the costs of issued incentive programs.
The Board has resolved to exercise the authority given by the Annual General Meeting and repurchase own shares. The main purpose of the repurchase is to ensure Alimak Group's commitments to deliver shares in accordance with the Group's call option programs.
Any repurchase will take place before the Annual General Meeting 2024 and the intention is to repurchase up to 1,000,000 shares. The repurchases will be made on Nasdaq Stockholm; the shares will be repurchased in cash and at a price within the stock market price interval registered at any given time, by which is meant the interval between the highest purchase price and the lowest selling price. The repurchase of shares will be managed by an investment firm or financial institution.
Repurchase of shares will not be press released separately unless mandatory disclosure obligations apply. The repurchases may not result in Alimak Group's holding of own shares at any time to exceed 10 per cent of the total number of shares in the company.
At the time of this press release, the total number of registered shares in the company amounts to 107,573,111 and the company's holding amounts to 742,611 shares.
For more information, please contact:
Johnny Nylund, CCO Alimak Group, +46 76 852 5759
johnny.nylund@alimakgroup.com