Intrum’s share buyback program completed
Intrum AB (publ) (LEI code 549300UNCO2FCUWXX470) hereby reports that the share buyback program, that allowed the company to buy back own shares under the period 13 March 2020 up to and including 5 May 2020 is completed. Under the period 13 March 2020 up to and including 15 April 2020, a total of 9 820 402 shares (ISIN code SE0000936478) were repurchased, corresponding to ca 7,47 per cent of the company’s outstanding shares, at an average price of 127,28 SEK per share. A maximum of 12 554 132 shares were allowed to be repurchased, at a maximum amount of 1 250 000 000 SEK.
The shares were repurchased as follows:
| Date | Aggregated daily volume (number of shares) | Weighted average share price per day (SEK) | Total daily transaction value (SEK) |
| 13 March 2020 | 22 500 | 155,1621 | 3 257 035 |
| 16 March 2020 | 272 000 | 136,5588 | 37 263 510 |
| 17 March 2020 | 295 000 | 132,36 | 39 110 864 |
| 18 March 2020 | 315 000 | 132,8597 | 41 833 764 |
| 19 March 2020 | 339 000 | 132,8597 | 44 553 617 |
| 20 March 2020 | 360 000 | 131,3872 | 47 487 456 |
| 23 March 2020 | 389 000 | 110,3315 | 45 532 139 |
| 24 March 2020 | 432 500 | 106,2235 | 46 145 588 |
| 25 March 2020 | 477 000 | 124,0359 | 58 578 987 |
| 26 March 2020 | 514 000 | 121,5747 | 62 577 444 |
| 27 March 2020 | 534 000 | 121,5747 | 63 535 907 |
| 30 March 2020 | 500 000 | 122,0597 | 61 303 250 |
| 31 March 2020 | 580 000 | 132,9954 | 76 970 988 |
| 1 April 2020 | 600 000 | 127,753 | 76 756 740 |
| 2 April 2020 | 615 000 | 118,0993 | 72 636 174 |
| 3 April 2020 | 645 000 | 119,2588 | 77 059 892 |
| 6 April 2020 | 524 578 | 121,886 | 64 344 895 |
| 7 April 2020 | 656 000 | 130,7486 | 85 800 930 |
| 8 April 2020 | 655 000 | 134,4446 | 87 836 483 |
| 9 April 2020 | 417 824 | 139,886 | 58 352 255 |
| 14 April 2020 | 615 000 | 146,3511 | 90 101 252 |
| 15 April 2020 | 62 000 | 143,7662 | 8 902 909 |
Before 13 March 2020, the company owned 600 000 own shares. After the repurchases mentioned above, the company owns 10 420 402 shares as per 16 April 2020. The total amount of outstanding shares in the company, including shares owned by the company, amounts to 131 541 320. The board has proposed the Annual General Meeting 2020 to resolve on reduction of share capital, through cancellation of the shares repurchased under the program.
The share buy-back program was 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"). All transactions have been carried out by Skandinaviska Enskilda Banken AB (publ) on behalf of the company.
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 press release. For information about all transactions in the share buy-back program , see also the following link to Nasdaq Stockholm's website:
http://www.nasdaqomx.com/transactions/markets/nordic/corporate-actions/stockholm/repurchases-of-own-shares
For further information, please contact:
Viktor Lindeberg, Head of Investor Relations & Group Business Control
+46 (0) 76 897 07 08
+46 (0) 8 546 102 02
viktor.lindeberg@intrum.com
ir@intrum.com
Anders Engdahl, CFO
+46 (0) 8 546 102 02
anders.engdahl@intrum.com
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.
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