Fabege launches share buy-back
Fabege AB (publ) has started the share buy-back programme approved by the Annual General Meeting on 2 April 2020. The AGM authorised the Board for a period no later than the next AGM to acquire Fabege shares. The shares acquired may not exceed 10 per cent of the total number of outstanding Fabege shares at any time.
The purpose of the buy-back programme is to enable the Company to continuously adapt its capital requirements and thereby improve shareholder value. The repurchases will be made on the Stockholm Stock Exchange at a price within the registered share price interval on each repurchase occasion. Before launching of the buy-back programme Fabege holds 2,577,402 treasury shares corresponding to 0.8 per cent of the number of registered shares.
Fabege AB (publ)
For further information, please contact:
Stefan Dahlbo, CEO, tel +46 (0)8-555 148 10, +46 (0)70-353 18 88
Åsa Bergström, Deputy CEO and CFO, tel +46 (0)8-555 148 29, +46 (0)70-666 13 80
Fabege is the property company focusing on city district development and commercial properties. We develop attractive and sustainable districts with modern offices, housing and a broad range of services - together with strategic partners. Both our perspective and approach to ownership are long term and our passion is creating the right conditions for all those living, working and visiting our areas. We have a presence in a limited number of high-growth submarkets in the Stockholm region. Fabege’s shares are listed on Nasdaq Stockholm, in the Large Cap segment. For more information, www.fabege.com