The Board of BillerudKorsnäs has resolved on share repurchases
The Board of BillerudKorsnäs has resolved to exercise the authorization granted to it by the Annual General Meeting on 15 May 2018, regarding repurchase of own shares. At the time of this press release, BillerudKorsnäs has 1 184 191 own shares in treasury.
Repurchases may take place on one or more occasions during the period from 15 June 2018 until the next Annual General Meeting, up to a maximum amount of 335,000 shares. Repurchases shall be made on Nasdaq Stockholm at a price per share that is within the registered 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 purpose of the repurchase is to secure future delivery of shares to the participants in BillerudKorsnäs’ long term share based incentive programs.
For further information, please contact:
Andreas Mattsson, General Counsel, +46 8 553 335 16
BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future. We are a world-leading provider of primary fibre based packaging materials and have customers in over 100 countries. The company has 8 production sites in Sweden, Finland and the UK and about 4 400 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 22 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com