Mekonomen repurchases own shares

The Board of Directors in Meknomen AB (publ) has decided to exercise the mandate for the buyback of shares to cover commitments for the long-term share-based incentive program ("LTIP 2018"), approved by the Annual General Meeting 2018. Repurchase of shares takes place between 14–21 December 2018.

To cover the company´s commitments for the "LTIP 2018", decided by the Annual General Meeting in 2018, the Board has decided to repurchase a maximum of 85,000 shares. The Board's decision is taken in accordance with the authorization granted by the AGM held on 9 May 2018. The buyback will take place between 14–21 December 2018. The shares will be bought back on Nasdaq Stockholm exchange at a price within the spread between the highest bid price and lowest ask price prevailing at any given time on the exchange. The total amount of registered shares in Mekonomen is 56,416,622. The company has no treasury shares.

For further information, please contact:

Pehr Oscarson, President & CEO Mekonomen AB,
Tel +46 (0)8-464 00 00 E-mail: pehr.oscarson@mekonomengroup.com

Åsa Källenius, CFO Mekonomen AB
Tel +46 (0)8-464 00 00 E-mail: asa.kallenius@mekonomengroup.com

Helena Effert, IRO Mekonomen AB
Tel +46 (0)8-464 00 00 E-mail: helena.effert@mekonomengroup.com