Gunnebo’s Board of Directors has resolved to transfer own shares
Gunnebo transfers 103,580 ordinary shares to the participants in LTIP 2015 and resolves on transfer of own ordinary shares on Nasdaq Stockholm to hedge social security payments.
Based on the authorisation by the Annual General Meeting 2015, Gunnebo transfers 103,580 so called matching shares to the participants in the long-term incentive program resolved by the Annual General Meeting 2015 (“LTIP 2015”), in accordance with the terms and conditions of the program. The transfers shall take place on 19 July 2018 without any consideration.
In order to hedge cash-flow for social security payments as a result of LTIP 2015, the Annual General Meeting 2018 authorised Gunnebo’s Board of Directors to resolve, on one or several occasions prior to the Annual General Meeting 2019, on the transfer of no more than 30,000 own ordinary shares. On the basis of the authorisation by the general meeting, the Board of Directors has decided to transfer 25,000 own ordinary shares on Nasdaq Stockholm. The sale, which will take place from and including 20 August 2018 up to and including 21 September 2018, shall take place at a price within the at each time prevailing price interval for the share, being the interval between the highest paid price and the lowest sale price at the time of the transfer. The sale will be reported through Nasdaq Stockholm in accordance with applicable rules.
The total number of shares in Gunnebo amounts to 77,050,848, of which 76,448,581 ordinary shares and 602,267 series C shares. On the date of this press release, the company holds 128,580 own ordinary shares and 602,267 own series C shares, intended for ongoing incentive program.
GUNNEBO AB (publ)
Group Communications
For further information, please contact:
Karin Wallström Nordén, SVP Marketing & Communications, tel: +46 10 209 5026 or
e-mail: Karin.wallstrom@gunnebo.com
The Gunnebo Group is a global leader in security products, services and solutions with an offering covering cash management, safes and vaults, entrance security and electronic security for banks, retail, mass transit, public & commercial buildings and industrial & high-risk sites.
The Group has an annual turnover of MSEK 6,000, employs 5,200 people and has sales companies in 28 countries across Europe, Middle East & Africa, Asia-Pacific and the Americas as well as Channel Partners on over 100 additional markets.
We make your world safer.