Ahlsell's Board of Directors has decided to repurchase shares
The Board of Directors of Ahlsell has decided to use the authorization for repurchase of own shares granted by the Annual General Meeting on May 4, 2017. Up to 7.0 million shares will be acquired.
The main purpose of the repurchase is to secure the implementation of the Group’s long-term incentive plan. Currently, equity swaps (amounting to 5.3 million shares) are used for this, which will be terminated in connection with the repurchase. The total number of outstanding shares in Ahlsell amounts to 436,302,187.
The authorization may be exercised on one or more occasions for the period until the end of the next Annual General Meeting. The repurchase shall be conducted on Nasdaq Stockholm at a price that is within the price range between the highest purchase price (best bid) and the lowest selling price (best offer) prevailing.
For further information please contact:
Karin Larsson, Head of Investor relations and external communications
+46 8 685 59 24, Karin.Larsson@ahlsell.se
Ahlsel AB (publ) is the Nordic region’s leading distributor of installation products, tools and supplies for installers, construction companies, facility managers, industrial and power companies and the public sector. The unique customer offer covers more than one million individual products and solutions. The Group has a turnover of approximately SEK 27 billion and is listed on Nasdaq Stockholm. About 97 percent of the revenue is generated in the three main markets of Sweden, Norway and Finland. With over 5,000 employees, more than 200 branches and three central warehouses, we constantly fulfil our customer promise: Ahlsell makes it easier to be professional.
This information is information that Ahlsell AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:30 am CEST on October 20, 2017.