NCC’s Board of Directors has decided to repurchase and transfer own Series B shares
Pursuant to its mandate from the Annual General Meeting held on March 30, 2021, the Board of Directors of NCC AB (publ) has decided to repurchase and transfer own Series B shares.
The reason for the Board of Directors’ decision to utilize the mandate concerning the repurchase and transfer of own shares is to secure the company’s obligations relating to delivery and to cover costs due to NCC’s outstanding long-term performance-based incentive programs and LTI 2021 Share Program.
- The Board has decided to repurchase a maximum of 88,000 Series B shares and transfer a maximum of 8,400 Series B shares.
The mandate applies on one or several occasions, however, at the latest until 2022 Annual General Meeting, on Nasdaq Stockholm at a price per share that is within the registered span of share prices at the particular time.
Reporting will be made to Nasdaq Stockholm in accordance with applicable rules. Acquired own shares can be transferred to the participants in LTI 2021 Share Program in accordance with the terms and conditions resolved at the Annual General Meeting March 30, 2021.
At the date of issue of this press release, the total number of NCC shares was 108,435,822 of which 12,968,833 were Series A shares and 95,466,989 Series B shares. NCC AB holds 764,267 Series B treasury shares.
For further information, please contact:
Maria Grimberg, Head of Communication and IR, +46 (0)708 96 12 88
NCC’s media line +46 (0)8 585 519 00, E-mail: press@ncc.se, NCC's Media bank
About NCC. NCC is one of the leading construction companies in the Nordics. Based on its expertise in managing complex construction processes, NCC contributes to the positive impact of construction for its customers and society. Operations include commercial property development, building and infrastructure project contracting, and asphalt and stone materials production. In 2020, NCC had sales of SEK 54 bn and 14,500 employees. The NCC shares are listed on Nasdaq Stockholm.