English

Bonava’s board of directors has resolved to repurchase shares of series B

Report this content

Based on the authorisation granted by the annual general meeting on 4 April 2017, the board of directors of Bonava AB (publ) (”Bonava”) has resolved to repurchase shares of series B.

The purpose of the authorisation to repurchase shares, and the board of directors’ resolution to utilise it, is to secure the company’s obligations (including social security costs) in relation to Bonava’s long-term share-based incentive plans.

Repurchases of the company’s own shares of series B will be carried out in accordance with Regulation (EU) No 596/2014 of the European Parliament and the council of 16 April 2014 (the Market Abuse Regulation) and the Commission Delegated Regulation (EU) 2016/1052.

The repurchases are subject to the following terms.

  • Repurchase may be made on one or several occasions during the period until the next annual general meeting
  • A maximum of 202,423 shares of series B may be acquired.
  • Acquisition of shares of series B shall be conducted on Nasdaq Stockholm and to a price per share of series B that is within the registered range for the share price prevailing at the time (the so-called spread), i.e. the range between the highest purchase price and the lowest selling price and in accordance with Regulation (EU) 2016/1052 as regards price.
  • The amount that shall be paid for the repurchased shares of series B may not exceed an aggregate amount of SEK 30.0 million.
  • Payment for the shares of series B shall be made in cash.

Reporting will be made to Nasdaq Stockholm in accordance with applicable rules. The transactions will also be made public and published on Bonava’s website bonava.com.

At the time of this press release, the total number of shares in Bonava amounts to 108,435,822 shares, of which 13,451,701 are shares of series A and 94,984,121 are shares of series B. Bonava holds 354,400 own series B shares at the time of this press release.

For more information, please contact:

Ann-Sofi Danielsson, CFO and Head of Investor Relations
 ann-sofi.danielsson@bonava.com
Tel: +46 706 740 720

Bonava’s media line

E-mail: ir@bonava.com

Tel: +46 709 556 654

Bonava is a leading residential development company in Northern Europe. Born out of NCC, Bonava has been creating homes and neighbourhoods since the 1930s. Today, Bonava has 1,600 employees and operates in Sweden, Germany, Finland, Denmark, Norway, St. Petersburg, Estonia and Latvia with sales of SEK 13.5 billion. Bonava’s shares are listed on Nasdaq Stockholm.



For more information about us:  bonava.com

This information is information that Bonava 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 08.00 CET on 27 April 2017.

Subscribe

Documents & Links