JM's Board of Directors resolves to buy back shares
JM's Board of Directors has resolved to utilize the share buyback authorization given at the Annual General Meeting on April 25, 2013.
The acquisition of ordinary shares in JM AB may only occur on NASDAQ OMX Stockholm. The authorization may be utilized on several occasions, although no longer than up until the 2014 Annual General Meeting. The number of ordinary shares that may be acquired is limited such that the company's holdings may not at any point in time exceed ten (10) percent of all the company's shares. At present, the company holds a total of 4,129,962 of its own ordinary shares. The acquisition of ordinary shares in JM AB on NASDAQ OMX Stockholm may only occur at a price within the current spread on NASDAQ OMX Stockholm, which refers to the spread between the highest bid price and the lowest ask price.
The total number of JM shares is 83,671,215.
For additional information, please contact:
Claes Magnus Åkesson, CFO, +46 8 7828971
JM is one of the leading developers of housing and residential areas in the Nordic region. Operations focus on new production of homes in attractive locations, with the main focus on expanding metropolitan areas and university towns in Sweden, Norway, Denmark, Finland and Belgium. We are also involved in the project development of commercial premises and contract work, primarily in the Greater Stockholm area. JM should promote long-term quality and environmental management in all its operations. Annual sales total approximately SEK 13 billion and the company has some 2,300 employees. JM AB is a public limited company listed on NASDAQ OMX Stockholm, Mid Cap segment.