Investor to utilize mandate to repurchase shares
The Annual General Meeting of Investor 2023 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 15, 2023 at a price within the price interval registered from time to time. Investor currently owns 5,347,838 class B shares and the maximum number of shares that may be purchased amounts to 900,000 class B shares.
This information was submitted for publication, through the agency of the contact person set out above, at 11:00 CET on May 26, 2023.
For further information:
Viveka Hirdman-Ryrberg, Head of Corporate Communication and Sustainability,
Phone +46 70 550 3500
viveka.hirdman-ryrberg@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, founded by the Wallenberg family in 1916, is an engaged owner of high quality global companies. We have a long-term investment perspective. Through board participation, as well as industrial experience, our network and financial strength, we work continuously to support our companies to remain or become best-in-class. Our holdings include, among others, ABB, Atlas Copco, Ericsson, Mölnlycke and SEB.