Green Landscaping Group initiates repurchase of own shares

20 June 2022, 07:30

The Board of Directors of Green Landscaping Group AB (publ) (“Green Landscaping”) has, with the support of the authorization from the Annual General Meeting on 19 May 2022, decided to activate the repurchase program of own shares. The purpose of the repurchases is to be able to transfer shares as payment in connection with future acquisitions and avoid dilution for existing owners.

The authorization gives the company the opportunity to repurchase and hold a maximum of 10 percent of the outstanding shares.

Repurchases may further take place on the following conditions:

• Share repurchases shall take place on Nasdaq Stockholm and take place in accordance with the rules concerning the purchase of own shares set out in Nasdaq Stockholm Rules for issuers.
• The repurchases may be made during the period from 20 June 2022 to 17 May 2023.
• Repurchases of shares on Nasdaq Stockholm may take place at a price per share within the quoted price range registered at any given time, by which is meant the interval between the highest purchase price and the lowest selling price.
• Repurchases may take place with a total amount of a maximum of SEK 60 million.
• Payment for the shares must be made in cash.

At the time of this press release, the total number of shares and votes in Green Landscaping is 53,214,964 of which Green Landscaping holds 0 own shares. Completed acquisitions of treasury shares will be announced and notified in accordance with applicable laws and regulations and Nasdaq Stockholm Rules for issuers.

This disclosure contains information that Green Landscaping is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on 20-06-2022 07:30 CET.

For more information:

Carl-Fredrik Meijer, CFO Green Landscaping Group
+46 70 108 70 19, carl-fredrik.meijer@glgroup.se

Green Landscaping Group AB (publ) works with outdoor environments and infrastructure. Through subsidiaries, we offer the most comprehensive service portfolio on the market, aimed at making outdoor environments more sustainable and safe. Our business concept is to enhance the customer's outdoor environment by offering services focused on high customer value, long-term sustainability, and quality. The Company has approximately 1,600 employees and sales amount to approximately SEK 3.2 billion. The Company's shares are listed on Nasdaq Stockholm with the ticker GREEN. For more information visit www.glgroup.se.