Lagercrantz - repurchase of own shares
In accordance with the Annual General Meeting’s authorization, Lagercrantz Group has as of 10 November 2015 repurchased 150,000 of its own class B shares at an average price of SEK 65.00 meaning that Lagercrantz Group’s holding of own shares held in treasury amounts to 1,676,400 class B shares, corresponding to 2.4 percent of the shares and 1.7 percent of the votes in the company. The total number of shares in Lagercrantz Group amounts to 69,519,927, of which 3,263,802 class A shares.
The purpose of repurchases is to cover the company’s obligations under the incentive programmes resolved, to adapt the Group’s capital structure and to make possible future acquisitions of companies and businesses with payment in the form of shares in the company.
Stockholm, 10 November 2015
Lagercrantz Group AB (publ)
For additional information, contact:
Jörgen Wigh, President & CEO, Lagercrantz Group AB, tel +46 8 700 66 70
Bengt Lejdström, Chief Financial Officer, Lagercrantz Group, tel +46 8 700 66 73
or visit the website www.lagercrantz.com.
This information is disclosed in accordance with the Securities Markets Act, the Financial Instruments Trading Act or according to the agreement with Nasdaq Stockholm Exchange. The information was submitted for publication on 10 November 2015 at 08:00 am.
LAGERCRANTZ GROUP IN BRIEF
Lagercrantz Group is a technology group that offers world-leading, value-creating technology, using either proprietary products or products from leading suppliers. The group is comprised of some 40 companies, each with a focus on a specific sub-market – a niche. A high value-creation is common to all the companies, including a high degree of customization, support, service and other services.
Lagercrantz is active in seven countries in Northern Europe, in China and in the USA. The Group has approximately 1,200 employees and annual revenue of approximately MSEK 3,000. The Company is listed on Nasdaq Stockholm since 2001.