Utilization of authorization in Sweco AB (publ) to repurchase own class C shares
The Annual General Meeting of Sweco AB (publ) resolved on 14 April 2016 to authorize the Company’s board to decide on the repurchase of the company’s own class C shares in order to secure the company’s obligations in connection with the Share Bonus Scheme 2016 resolved upon by the Annual General Meeting.
Today, the Company’s board has decided to utilize the authorization for this purpose. Repurchase of class C shares will be made by an offer directed to the holder of all the outstanding 900,000 class C shares, not later than 31 May 2016, at a price of SEK 1.00 per share.
The Company currently holds 709,694 class B treasury shares and 900 000 class C treasury shares, representing 1,3 per cent of the total outstanding number of shares and 0.7 per cent of the votes in the company.
For further information please contact:
Lisa Lagerwall, General Counsel, +46 (0)8-695 66 16, email@example.com
Åsa Barsness, Communications Director, +46 (0)8-695 66 40, firstname.lastname@example.org
Sweco plans and designs the communities and cities of the future. Our work produces sustainable buildings, efficient infrastructure and access to electricity and clean water. With 14,500 employees in Europe, we offer our customers the right expertise for every situation. We carry out projects in 70 countries annually throughout the world. Sweco is the leading engineering and architecture consultancy in Europe, with sales of approximately SEK 16.0 billion (EUR 1.7 billion) (pro forma 2015). The company is listed on Nasdaq Stockholm.
The information contained herein is subject to the disclosure requirements of Sweco AB under the Swedish Securities Exchange and Clearing Operations Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 10 May 2016, 7:00 p.m. CET.