The Board of Directors of Addtech AB has today decided to act on the authorization given by
the Annual General Meeting held 22 August 2006 to repurchase shares in the Company. The purpose of the buyback program is to be able to adjust the Group's capital structure and to enable the Group to make future acquisitions of companies or businesses with payment in shares. By holding own shares in treasury, the Company's undertaking according to its personnel options program for members of senior management resolved in December 2001 is also secured.

 

Buybacks will be effected over Stockholmsbörsen (the Stockholm Stock Exchange) at the market price prevailing at the time of buyback. According to the decision of the Board of Directors, the Company's holding of own shares may not exceed 10 percent of the number of shares outstanding during the period until the next following regularly scheduled Annual General Meeting.

 

Addtech AB currently holds 2,460,000 class B shares in treasury, 1,700,000 of which will be cancelled following a resolution by today's Annual Meeting. These 2,460,000 shares constitute 9.7 percent of the the shares outstanding and 7.0 percent of the voting power. 555,000 shares held in treasury are set aside to secure the Company's obligations under the existing personnel options program. The total number of shares outstanding in Addtech AB, including shares held in treasury, amounts to 25,332,832.

 

 

 

Stockholm, 22 August 2006

Addtech AB (publ)