The Board of Directors utilizes authorization to sell Husqvarna B-shares
The Board of Directors resolved to utilize the authorization given by the Annual General Meeting (AGM) earlier today on the sale of a maximum of 2,944,409 class B shares in the company up until the AGM 2018.
Transfers will be made on Nasdaq Stockholm exchange for cash payment at a price within the, at each time, registered price interval. The purpose of the authorization is to continuously adapt the number of B-shares held in order to hedge the undertakings within the framework of the Company’s incentive programs.
The total number of registered shares in the company on April 4, 2017, amounted to 576,343,778, of which 113,694,826 shares of class A and 462,648,952 shares of class B, of which Husqvarna AB owned 2,944,409 re-purchased shares of series B.
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Husqvarna Group is a world leading producer of outdoor power products for garden, park and forest care. Products include chainsaws, trimmers, robotic lawn mowers and ride-on lawn mowers. The Group is also the European leader in garden watering products and a world leader in cutting equipment and diamond tools for the construction and stone industries. The Group’s products and solutions are sold under brands including Husqvarna, Gardena, McCulloch, Poulan Pro, Weed Eater, Flymo, Zenoah and Diamant Boart via dealers and retailers to consumers and professionals in more than 100 countries. Net sales in 2016 amounted to SEK 36 billion and the Group has around 13,000 employees in 40 countries.