Intrum launches share buybacks to secure incentive program
On 22 October 2020, the Board of Directors of Intrum AB (publ) has, empowered by an authorization given by the Annual General meeting on 6 May 2020, resolved to initiate a share buyback program. The purpose of the program is to secure the obligations of the company (including social security contributions) relating to the long-term incentive program 2020.
The acquisition of shares shall take place on Nasdaq Stockholm or other regulated markets and shall be managed by an investment firm or a credit institution which makes its trading decisions in relation to the company’s shares independently of, and without influence by, the company in accordance with the EU Market Abuse Regulation (596/2014), the EU Commission’s delegated Regulation (2016/1052) and the applicable rules of Nasdaq’s Nordic Main Market Rulebook for Issuers of Shares. The buyback program will run between 26 October and 23 December 2020.
The buybacks will be done on the following terms:
1. The maximum number of shares that can be repurchased is 250,000. The company’s holdings may not exceed 10 per cent of all the shares in the company at any time. The total share buybacks under the program may not exceed SEK 120,000,000.
2.. Acquisition of shares may be made at a price per share within the recorded interval, i.e. the interval between the highest buying price and the lowest selling price.
3. Payment shall be made in cash.
Intrum currently holds 600,000 own shares.
For further information, please contact:
Viktor Lindeberg, Head of Investor Relations & Group Business Control
+46 76 897 07 08
+46 8 546 102 02
This information was submitted for publication, through the agency of the contact person set out above, on October 23, 2020 at 07.30 CET
Intrum is the industry-leading provider of Credit Management Services with a presence in 24 markets in Europe. Intrum helps companies prosper by offering solutions designed to improve cash flows and long-term profitability and by caring for their customers. To ensure that individuals and companies get the support they need to become free from debt is one important part of the company’s mission. Intrum has circa 10,000 dedicated professionals who serve around 80,000 companies across Europe. In 2019, revenues amounted to SEK 16.0 billion. Intrum is headquartered in Stockholm, Sweden and the Intrum share is listed on the Nasdaq Stockholm exchange. For further information, please visit www.intrum.com.