Utilization of authorization in Investor AB to repurchase shares to secure costs for the remuneration programs
The 2013 Annual General Meeting of Investor AB decided to authorize the Company's Board to decide on the repurchase of the Company's own shares in order to secure commitments and costs in connection with Investor’s 2013 long-term variable remuneration program for employees and for the issue of synthetic shares as part of board remuneration. Investor hereby announces that the Company's Board has decided to utilize the authorization for these purposes.
The repurchase of shares may take place on NASDAQ OMX Stockholm during the period from May 15, 2013 up to and including June 18, 2013 at a price within the from time to time registered share price interval.
Investor currently owns 5,552,576 of its own B-shares and the maximum number of shares that may be repurchased amounts to 1,000,000 B-shares.
For further information:
Oscar Stege Unger, Head of Corporate Communications, Phone 46 8 614 2059, 46 70 624 2059
Magnus Dalhammar, Head of Investor Relations, Phone 46 8 614 2130, 46 73 524 2130
Our press releases can be accessed at www.investorab.com
Investor is the leading owner of Nordic-based international companies, founded by the Wallenberg family a hundred years ago. We own significant minority or majority interests in high quality companies. Through our participation on the boards of directors, we work for continuous improvement of the performance of the companies. With our industrial experience, network and financial strength we strive to make our companies best-in-class. Our cash flow allows us to support strategic initiatives in our companies, capture investment opportunities and provide our shareholders with a dividend. Our Core Investments include listed holdings Atlas Copco, SEB, ABB, Ericsson and the operating subsidiary Mölnlycke Health Care.