EQT AB resolves on repurchase of own ordinary shares
The Board of EQT AB (“EQT”) has resolved to repurchase a maximum of 2,154,000 own ordinary shares for a total maximum amount of SEK 1,000,000,000. The resolution is made by virtue of the authorization granted by the Annual Shareholders’ Meeting held on 30 May 2023 to repurchase own shares.
- As previously communicated, EQT expects to execute share buyback programs twice a year to offset - over time - the dilution impact from shares delivered to EQT’s employees under its Share and Option incentive programs.
- Pursuant to the upcoming repurchase program, a maximum of 2,154,000 ordinary shares (0.2% of EQT’s share capital, corresponding to approximately SEK 620.6m based on the closing price for EQT’s share on Nasdaq Stockholm on 19 April 20241) are to be repurchased.
- Together with the initial share buyback program, completed in August 2023, the buyback corresponds to the maximum dilution for the 2023 Share and Option incentive programs.
The purpose of the repurchase program is to adjust EQT's capital structure (by way of cancellation of shares). The repurchase program will be carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 (“MAR”) and the Commission Delegated Regulation (EU) No 2016/1052 (the “Safe Harbour Regulation”). The repurchase program will be managed by Skandinaviska Enskilda Banken AB (“SEB”) that, based on the trading order given by EQT to SEB, makes its trading decisions regarding timing of the acquisitions independently of EQT.
The repurchase program resolved by the Board is subject to the following terms:
- Repurchases may only be effected on Nasdaq Stockholm in accordance with Nasdaq Stockholm’s Rulebook for Issuers of Shares (the “Rulebook”) as well as in accordance with MAR and the Safe Harbour Regulation.
- Repurchases may be made on one or several occasions during the period 23 April – 24 May, 2024.
- Repurchases may only be effected at a price per share within the price interval applying on Nasdaq Stockholm from time to time, which refers to the interval between the highest buying price and the lowest selling price continuously disseminated by Nasdaq Stockholm, and in accordance with the restrictions relating to price in the Safe Harbour Regulation.
- Repurchases may only be effected in accordance with the restrictions regarding volume for acquisitions of own shares stated in the Rulebook and in the Safe Harbour Regulation.
- A maximum of 2,154,000 own ordinary shares may be repurchased for a total maximum amount of SEK 1,000,000,000.
- Payment for the shares shall be made in cash.
The number of shares in EQT as of the date of this press release is set out in the table below.
| Ordinary shares | Class C shares2 | Total | |
| Number of issued shares | 1,245,048,412 | 881,555 | 1,245,929,967 |
| Number of shares owned by EQT AB3 | 60,474,829 | - | 60,474,829 |
| Number of outstanding shares | 1,184,573,583 | 881,555 | 1,185,455,138 |
1) SEK 288.10 / share.
2) Carry one tenth (1/10) of a vote.
3) EQT AB shares owned by EQT AB are not entitled to dividends or carry votes at shareholders’ meetings.
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334
About EQT
EQT is a purpose-driven global investment organization focused on active ownership strategies. With a Nordic heritage and a global mindset, EQT has a track record of almost three decades of developing companies across multiple geographies, sectors and strategies. EQT has investment strategies covering all phases of a business’ development, from start-up to maturity. EQT has EUR 242 billion in total assets under management (EUR 132 billion in fee-generating assets under management), within two business segments – Private Capital and Real Assets.
With its roots in the Wallenberg family’s entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.
The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in more than 25 countries across Europe, Asia and the Americas and has more than 1,800 employees.
More info: www.eqtgroup.com
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