Eniro repurchases own shares
As mandated by the previously announced Board decision, Eniro AB (publ) on Fridady November 26 has purchased 10,000 of its own shares. The shares were acquired at an average price of SEK 64,75 each.
The Board of Directors of Eniro AB (publ) has decided to utilize the buy-back mandate of not more than SEK 400 M, which was granted at the Annual General Meeting on March 31, 2004. The purchase of own shares shall be carried out during the period until the Annual General Meeting in 2005. Repurchase shall be effected within the so-called spread, that is, the interval between the highest bid price and lowest ask price. The aim of the buy-back is to achieve an added value for the company’s shareholders. The effect of the repurchase on the company’s earnings per share and return on shareholders’ equity is expected to be positive. After the closing of the stock exchange on Friday November 26 Eniro holds 10,000 of its own shares. The total number of shares in Eniro amounts to 158,151,875. Eniro did not hold any own shares before today’s buy-back. Information about Eniro’s buy-back will be presented continuously on the company’s website www.eniro.com under the headline Investor Relations.