Skanska’s Board of Directors has resolved on the repurchase of shares etc
At the Board meeting on April 4, 2017, the Board resolved to exercise the Annual General Meeting’s authorization concerning the repurchase of shares on the following terms: on one or several occasions, but no later than the Annual General Meeting in 2018, not more than 3,000,000 Series B shares in Skanska may be acquired, the aim of which is to secure delivery of shares to participants in Skanska’s employee ownership program (2017 – 2019) Seop 4.
Further the Board resolved to exercise the Annual General Meeting’s authorization concerning transfer of shares on the following terms: on one or several occasions, but no longer than the Annual General Meeting in 2018, not more than 763,000 Series B shares in Skanska may be transferred, the aim of which is to cover mainly social security costs that may occur in relation to Skanska’s employee ownership program (2014-2016) Seop 3.
Acquisition, or transfer, may only be made on Nasdaq Stockholm within the price interval prevailing at any given time, meaning the interval between the highest purchase price and the lowest selling price. On April 4, 2017, Skanska held 10,174,063 Series B shares in its own custody.
For further information please contact:
André Löfgren, Senior Vice President Investor Relations, Skanska AB, tel +46 (0)10 448 13 63
Direct line for media, tel +46 (0)10-448 88 99
This and previous releases can also be found at www.skanska.com/media
Skanska is one of the world’s leading construction and project development companies, focused on selected home markets in the Nordics, Europe and USA. Supported by global trends in urbanization and demographics, and by being at the forefront in sustainability, Skanska offers competitive solutions for both simple and the most complex assignments, helping to build a sustainable future for customers and communities. The Group currently has about 41,000 employees. Skanska's sales in 2016 totaled SEK 151 billion.