Repurchases of shares in Hoist Finance during week 35, 2024
PRESS RELEASE |
Stockholm 02 September 2024 |
During the period 26 August 2024 – 30 August 2024 Hoist Finance AB (publ) (LEI code: 549300NPK3FB2BEL4D08) (”Hoist Finance”) has repurchased in total 168,000 own shares (ISIN: SE0006887063), as part of the repurchase programme initiated by the Board of Directors.
The repurchases form part of the repurchase programme of a maximum of 10 percent of the total number of shares in the company for a total amount of not more than SEK 100,000,000 that Hoist Finance announced on 25 July 2024. The repurchase programme runs during the period from and including 29 July 2024 until 29 September 2024 and is 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 purpose of the repurchase programme is to adjust the company’s capital structure and thereby contribute to creating an increased value for Hoist Finance’s shareholders. The intention is that the shares to be repurchased shall be redeemed by resolutions at future general meetings.
Shares in Hoist Finance have been repurchased as follows:
Date |
Aggregated daily volume (number of shares) |
Weighted average share price per day (SEK) |
Total daily transaction value (SEK) |
26 August 2024 |
30,000 |
77.2551 |
2,317,653 |
27 August 2024 |
35,000 |
77.9314 |
2,727,599 |
28 August 2024 |
33,000 |
78.2829 |
2,583,336 |
29 August 2024 |
35,000 |
77.8594 |
2,725,079 |
30 August 2024 |
35,000 |
77.6991 |
2,719,469 |
Total accumulated over week 35 2024 |
168,000 |
|
13,073,135 |
Total accumulated during the repurchase programme |
874,000 |
|
63,093,117 |
All acquisitions have been carried out on Nasdaq Stockholm by Carnegie Investment Bank AB on behalf of Hoist Finance.
Following the above acquisitions, Hoist Finance’s holding of own shares, including shares repurchased under the repurchase program during the first half of 2024, amounts to 2,976,022 as of 30 August 2024. The total number of shares in Hoist Finance, including the own shares, is 89,303,000 and the number of outstanding shares, excluding the own shares, is 86,326,978.
A full breakdown of the transactions pursuant to Article 5.3 of MAR and Article 2.3 of the Safe Harbour Regulation is attached to this announcement.
For more information, please contact:
Karin Tyche, Chief Investor Relations and Communications Officer
ir@hoistfinance.com
+46 76 780 97 65
About Hoist Finance
Hoist Finance is an asset manager specialised in non-performing loans. For more than 25 years, we have focused on investing in and managing debt portfolios. We are a partner to international banks and financial institutions across Europe, acquiring non-performing loan portfolios. We are also a partner to consumers and SMEs in a debt situation, creating long-term sustainable repayment plans enabling them to convert non-performing debt to performing debt. We are present in 13 markets across Europe and our shares are listed on Nasdaq Stockholm. For more information, please visit hoistfinance.com.