Bonava’s board of directors has resolved to repurchase own shares of series B
Based on the authorisation granted by the annual general meeting on 25 April 2018, the board of directors of Bonava AB (publ) (”Bonava”) has resolved to repurchase own shares of series B.
The purpose of the authorisation to repurchase shares, and the board of directors’ resolution to utilise it, is to secure costs (including costs for social security costs) and delivery of shares for the implementation of Bonava's, from time to time outstanding, incentive plans.
Repurchases of own shares of series B will be carried out in accordance with Nasdaq's Rule book for Issuers.
The repurchases are subject to the following terms.
- Repurchase may be made on one or several occasions during the period until the next annual general meeting.
- A maximum of 265,861 shares of series B may be repurchased.
- Repurchase of shares of series B shall be conducted on Nasdaq Stockholm and to a price per share of series B that is within the price range for the share price prevailing at any time (the so-called spread), i.e. the range between the highest ask price and the lowest bid price.
- Payment for the shares of series B shall be made in cash.
Reporting will be made to Nasdaq Stockholm in accordance with applicable rules.
At the time of this press release, the total number of shares in Bonava amounts to 108,435,822 shares, of which 13,130,033 are shares of series A and 95,305,789 are shares of series B. Bonava holds 549,200 own series B shares at the time of this press release.
For more information, please contact:
Ann-Sofi Danielsson, CFO and Head of Investor Relations
Tel: +46 706 740 720
Bonava’s media line
Tel: +46 709 556 654
Bonava is a leading residential development company in Northern Europe. Bonava has been creating homes and neighbourhoods since the 1930s. Bonava has 2 000 employees and operates in Sweden, Germany, Finland, Denmark, Norway, St. Petersburg, Estonia and Latvia, with sales of SEK 14,5 billion in 2017. Bonava’s shares are listed on Nasdaq Stockholm.
For more information about us: bonava.com