Investor AB to utilize mandate to repurchase shares
The Annual General Meeting of Investor 2024 authorized the company's Board to resolve on the purchase of the company’s own shares. The shares may be purchased in order to, among other things, secure the obligations and hedge the costs related to Investor's long-term variable remuneration program for employees within Investor and to the synthetic shares issued as part of the Board remuneration. Investor's Board has now decided to utilize the authorization for these purposes.
The purchase of own shares may take place on Nasdaq Stockholm prior to June 14, 2024 at a price within the price interval registered from time to time. Investor currently owns 5,262,522 class B shares and the maximum number of shares that may be purchased amounts to 800,000 class B shares.
For further information:
Jacob Lund, Chief Communications & Sustainability Officer,
Phone +46 725 60 21 57
jacob.lund@investorab.com
Magnus Dalhammar, Head of Investor Relations,
Phone +46 73 524 2130
magnus.dalhammar@investorab.com
Our press releases can be accessed at www.investorab.com
Investor AB, founded by the Wallenberg family in 1916, creates value for people and society by building strong and sustainable companies. Through substantial ownership and board participation, we drive initiatives that we believe create value and support our companies to remain or become best-in-class. Our portfolio is organized in three business areas: Listed Companies, Patricia Industries and Investments in EQT.