Decision on share repurchases by Axfood’s board
The Board of Directors of Axfood has decided to exercise the authorization granted to it by the Annual General Meeting on 15 March 2017 to repurchase own shares. At the time of publication of this press release Axfood has no holdings of treasury shares.
Purchases may take place on one or more occasions during the period 15 May 2017 until the next Annual General Meeting, of a maximum of 200,000 shares. Repurchases shall be made on Nasdaq Stockholm at a price per share that is within the registered price interval at any given time, i.e., the interval between the highest buying price and lowest selling price. Payment for the shares shall be made in cash.
The aim of the repurchases is to ensure future delivery of shares to participants in Axfood’s long-term share-based incentive programme (“LTIP 2017”).
For further information, please contact:
Anders Lexmon, Acting CFO, Axfood AB, +46-70-379 93 16
Cecilia Ketels, Head of Investor Relations, Axfood AB, +46-72-236 06 43
The information in this release was submitted for publication at 7 a.m. (CET) on 20 April 2017.
At Axfood we work with passion for food and people. Our strength is in developing and driving successful grocery formats in the Swedish market with responsibility for the environment and sustainable development. Axfood includes the Willys and Hemköp chains as well as the Tempo, Handlar’n and Direkten formats, which are proprietor-owned and organized within Axfood Närlivs. B2B sales are sold through the Axfood Snabbgross chain, and wholesaling is conducted through Dagab. Axfood is listed on Nasdaq Stockholm, and the principal owner is Axel Johnson AB. Read more at axfood.se.