NCC’s Board of Directors has decided to purchase own Series B shares
Pursuant to its mandate from the Annual General Meeting held on April 9, 2019, the Board of Directors of NCC AB (publ) has decided to purchase own Series B shares.
The reason for the Board of Directors’ decision to utilize the mandate concerning the purchase of own shares is to secure the company’s obligations relating to delivery and to cover costs for tax and social security fees due to NCC’s outstanding long-term performance-based incentive program LTI 2019.
The repurchases are subject to the following terms and conditions.
- Acquisitions may be conducted on one or more occasions until the Annual General Meeting 2020.
- A combined maximum of 205,000 Series B shares may be acquired.
- Acquisitions of Series B shares are to be conducted on Nasdaq Stockholm and at a price per Series B share that is within the registered span of share prices at the particular time (the spread), by which is meant the span between the highest price paid and the lowest asked.
Reporting will be made to Nasdaq Stockholm in accordance with applicable rules.
At the date of issue of this press release, the total number of NCC shares was 108,435,822, of which 13,337,895 were Series A shares and 95,097,927 Series B shares. NCC AB holds 402,050 Series B treasury shares.
For further information, please contact:
Johan Bergman, Investor Relations Manager, NCC, +46 70 354 80 35
NCC’s media line +46 (0)8 585 519 00, E-mail: email@example.com, NCC's Media bank
About NCC. Our vision is to renew our industry and provide superior sustainable solutions. NCC is one of the leading companies in the Nordics within construction, infrastructure and property development, with sales of SEK over 57 billion and 16,500 employees in 2018. The NCC share is listed on NASDAQ Stockholm.