Volati’s board of directors has resolved on acquisitions of own ordinary shares
The board of directors of Volati AB (publ) has, based on the authorisation from the annual general meeting, today on 16 May 2018 resolved that the company can acquire a maximum of 3 000 000 own ordinary shares on Nasdaq Stockholm.The purpose of the share repurchases is to achieve flexibility to enable a more optimised capital structure.
Terms and conditions for acquisitions of own ordinary shares
The company’s acquisitions of own ordinary shares shall, pursuant to the board of directors’ resolution, be made on Nasdaq Stockholm in accordance with the rules set out in Nasdaq Stockholm’s Rule Book for Issuers and the following terms and conditions.
- Acquisitions may be made on one or several occasions until the annual general meeting 2019.
- A maximum of 3 000 000 ordinary shares may be acquired. The company’s holding of own shares may not at any time exceed one tenth of all shares in the company.
- Acquisitions may be made at a price within the registered price interval at any given time.
- Acquired ordinary shares shall be paid in cash.
The purpose of acquisitions of own ordinary shares
The purpose of the acquisitions shall be to achieve flexibility regarding the company’s equity and thereby enable an optimised capital structure.
Total number of shares in the company and the company’s holding of own shares
As of today on 16 May 2018, the total number of shares in the company is 82,010,345 shares, of which 80,406,571 are ordinary shares and 1,603,774 are preference shares. The company does not hold any own shares.
Reporting of and information on acquisitions of own ordinary shares
Acquisitions of own ordinary shares will be reported in accordance with applicable laws and regulations as well as Nasdaq Stockholm’s Rule Book for Issuers. Information on completed acquisitions will also be available on the company’s website, www.volati.se.
For further information, please contact:
Mårten Andersson, CEO Volati AB (publ), +46 (0)72 735 42 84, firstname.lastname@example.org
Volati AB (publ)
Engelbrektsplan 1, SE-114 34 Stockholm, Sweden
Tel: +46 (0)8 21 68 40, email: email@example.com, Company reg. no 556555-4317
This information is information that Volati AB is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication at 6.00 p.m. CEST on May 16, 2018.
Mårten Andersson, CEO Volati AB, +46 72-735 42 84, firstname.lastname@example.org
Volati AB (publ)
Engelbrektsplan 1, 114 34 Stockholm, Sweden
Phone: +46 8-21 68 40
Volati is a Swedish industrial group formed in 2003, organised in four business areas: Trading, Consumer, Akademibokhandeln and Industry. Volati acquires mainly companies with proven business models, leading market positions and strong cash flows at reasonable valuations, and develops these with an emphasis on long-term value creation. Volati’s strategy is to build on the identity and entrepreneurial spirit of the companies, adding leadership, expertise, processes and financial resources. Volati has operations in 16 countries, with a total of about 1,900 employees and annual sales of approximately SEK 5.6 billion. Volati’s common share and preference share are listed on Nasdaq Stockholm. Further information is available at www.volati.se.