Atlas Copco to utilize mandates to repurchase and sell shares
Stockholm, Sweden, April 25, 2019: The Board of Atlas Copco AB has decided to use the mandates granted by the Annual General Meeting for the repurchase and sale of shares at one or more occasions until the next Annual General Meeting.
The mandates cover:
1) The acquisition of not more than 4,250,000 series A shares, whereof a maximum of 4,150,000 may be transferred to option holders under the performance based personnel option plan 2019.
2) The acquisition of not more than 70,000 series A shares, later to be sold on the market in connection with payment to Board members who have opted to receive synthetic shares as part of their remuneration.
3) The sale of not more than 30,000 series A shares to cover costs related to previously issued synthetic shares to Board members.
4) The sale of a maximum 11,000,000 series A and series B shares currently held by the company, for the purpose of covering costs of fulfilling obligations related to the performance based personnel option plans 2014, 2015 and 2016.
Repurchases and sales are subject to market conditions, regulatory restrictions and the capital structure at any given time.
The number of issued shares is presently 1,229,613,104 whereof 839,394,096 series A shares and 390,219,008 series B shares.
For more information please contact:
Håkan Osvald, Senior Vice President General Counsel
+46 8 743 8995
Sara Liljedal, Media Relations Manager
+46 8 743 8060 or +46 721 441 0380
Atlas Copco Group
Great ideas accelerate innovation. At Atlas Copco we have been turning industrial ideas into business-critical benefits since 1873. By listening to our customers and knowing their needs, we deliver value and innovate with the future in mind.
Atlas Copco is based in Stockholm, Sweden with customers in more than 180 countries and about 37 000 employees. Revenues of BSEK 95/9 BEUR in 2018. For more information: www.atlascopcogroup.com