Board resolution regarding the repurchase of shares
Today’s Annual General Meeting of Wallenstam AB (publ) on 26 April 2016 resolved to authorize the board to take decisions concerning the acquisition of the company’s own shares up until the next AGM. At the Statutory Board meeting that immediately followed the AGM, the Board resolved to use this authorization on the basis of the conditions stipulated by the AGM.
The purpose of the repurchase of the company’s own shares is to:
- promote a more efficient capital structure in the company, which is anticipated to have a positive effect on the price of the company’s shares and thus contribute to creating the largest possible dividend for the shareholders,
- create flexibility in the company’s ability to distribute capital to the shareholders,
- to continually adapt the company’s capital structure to its capital requirements at any given time in order to contribute to an increase in shareholder value, and
- enable the financing of acquisitions through payment with our own shares.
Wallenstam AB (publ) is required to make this information public under the provisions of the Swedish Financial Markets Act and the Swedish Financial Instruments Trading Act. The information was made publicly available on 26 April 2016 at 18:45 p.m. (CET.)
For more information:
Elisabeth Vansvik, Director of Communications Wallenstam AB (publ) tel. 46 31-20 00 00 or 46 705-17 11 38
Wallenstam is a growing property company that manages, builds and develops properties for sustainable living and enterprise in Gothenburg and Stockholm. The property holding is valued at around SEK 33 billion and the customer base consists of just over 7,500 households and 1,000 enterprises. The total lettable area is around 1 million sq m. Wallenstam is self-sufficient in renewable energy through the company Svensk NaturEnergi. The company’s B shares have been listed on Nasdaq Stockholm since 1984.