NCC’s Board of Directors has decided to repurchase and sell Series B treasury sharesRead original
Pursuant to its mandate from the Annual General Meeting held on April 11, 2018, the Board of Directors of NCC AB (publ) has decided to repurchase and sell the company’s own Series B shares.
The reason for the Board of Directors’ decision to utilize the mandate concerning the repurchase of shares is to secure the company’s obligations relating to delivery and to cover costs for tax and social security fees due to NCC’s outstanding long-term performance-based incentive programs (LTI 2016, LTI 2017 and LTI 2018). The purpose of the sale is to cover costs for tax effects and social security fees for LTI 2015.
The repurchases and sales are subject to the following terms and conditions.
- Acquisitions and sales may be conducted on one or more occasions until the Annual General Meeting 2019.
- A combined maximum of 102,000 Series B shares may be acquired.
- A combined maximum of 33,000 Series B shares may be sold.
- Acquisitions and sales of Series B shares are to be conducted on Nasdaq Stockholm and at a price per Series B share that is within the registered span of share prices at the particular time (the spread), by which is meant the span between the highest price paid and the lowest asked.
Reporting will be made to Nasdaq Stockholm in accordance with applicable rules.
At the date of issue of this press release, the total number of NCC shares was 108,435,822, of which 13,338,016 were Series A shares and 95,097,806 Series B shares. NCC AB holds 353,323 Series B treasury shares.
For further information, please contact:
Johan Bergman, Head of Investor Relations, NCC, +46 70 354 80 35
NCC’s media line: +46 8 585 519 00, E-mail: email@example.com, NCC’s Media bank
About NCC. Our vision is to renew our industry and provide superior sustainable solutions. NCC is one of the leading companies in construction, infrastructure and property development in the Nordic region, with sales of almost SEK 55 billion and 17,800 employees in 2017. The NCC share is listed on Nasdaq Stockholm.