Addtech's Board of Directors decides on buyback of own shares

The Board of Directors of Addtech AB has today decided to act on the authorization given by the Annual General Meeting held 17 August 2005 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 already holds 830,000 class B shares in treasury, 630,000 of which are set aside to secure the Company's undertaking under the existing personnel options program.
Shares held in treasury are equivalent to 3.3 percent of the number of shares outstanding and 2.4 percent of the votes. The total number of shares outstanding in Addtech AB, including shares held in treasury, is 25,332,832.
Stockholm, 17 August 2005

Addtech AB (publ)

For further information contact: <!-- hugin-supplied --><br> Kennet Göransson, CFO, Addtech AB, +46 8 470 49 10

About Us

Addtech is a technology trading group that provides technological and economic value added in the link between manufacturers and customers. Addtech operates in selected niches in the market for advanced technology products and solutions. Its customers primarily operate in the manufacturing industry and infrastructure. Addtech has about 2,900 employees in more than 130 subsidiaries that operate under their own brands. The Group has annual sales of more than SEK 10 billion. Addtech is listed on Nasdaq Stockholm.


Documents & Links