Nobina AB (publ) to repurchase own shares
The Annual General Meeting (”AGM”) on 31 May 2017 resolved to authorise the Board of Directors to decide on repurchase of own shares. The Board of Directors has, based on the authorisation, decided to initiate the repurchasing programme. The main reason for the repurchasing programme is to secure the number of performance and matching shares that shall be delivered to participants in Nobina’s share saving scheme. Repurchased shares may also be used for the purpose of covering costs for social security charges that may arise in connection with the share saving scheme.
The repurchase of shares may only take place on Nasdaq Stockholm and only at a price within the price interval prevailing at any given time. Purchases may be made at one or more occasions up until the AGM in 2018, and by a maximum of 427,096 shares.
Nobina currently holds no own shares.
For the complete authorisation resolved on by the AGM, please refer to Nobina’s website, www.nobina.com.
This information is information that Nobina AB is obliged to make public pursuant to the EU Market Abuse Regulation. This information was submitted for publication, through the agency of the contact persons set out below, on 10 October 2017 at 08:00 CET.
For more information, please contact:
Annika Molander, Communications Director, phone number: +46 733 55 06 16
Mattias Gelinder, Group Treasurer & Head of IR, phone number: +46 729 67 02 61
Nobina is the largest and most experienced public bus transport service provider in the Nordic region. The Company’s expertise in prospecting, tendering and active management of public bus transport contracts in combination with long-term delivery quality makes Nobina an industry leader in terms of profitability, development and initiatives that promote a healthier industry. Every day, Nobina ensures that close to one million people arrive at work, school or other activities by delivering contracted public bus transport services in Sweden, Norway, Finland and Denmark. In addition, Nobina offers express bus services under the Swebus brand in the Swedish market. The Company has sales of almost SEK 9 billion (2016/17), approximately 12,000 employees, and is headquartered in Solna, Stockholm. For more information, see Nobina’s website: www.nobina.com