Proposal that NCC Board be authorized to repurchase shares
Proposal that NCC Board be authorized to repurchase shares NCC's Board of Directors proposes that it be authorized by the Annual General Meeting on April 7 to repurchase NCC shares. Since the Annual General Meeting held in 2000, NCC's Board of Directors has been authorized to repurchase a maximum of 10 percent of the Company's shares. It is now proposed that the Board be authorized up to the next Annual General Meeting to repurchase Series A or B NCC shares in such a number that the Company's holding of its own shares does not exceed 10 percent of the total number of NCC shares at any point in time. The shares are to be purchased on Stockholmsbörsen at a price per share that is within the band of share prices registered at each particular time. The reason for repurchasing shares is to adjust NCC's capital structure. Since the original repurchase authorization was granted at the Annual General Meeting on April 10, 2000, NCC has repurchased 6,035,392 Series B shares at an average price of SEK 73.35, corresponding to 5.6 percent of the total number of shares. Excluding the repurchased shares, the number of shares outstanding is 102,400,430. Based on the proposed authorization, the Company will be permitted to repurchase an additional 4.4 percent of the total number of issued shares. For further information, please contact: Annica Gerentz, Investor Relations Manager NCC AB Tel: +46-8-585 52204, or +46-70-398 4209 Gisela Lindstrand, Press Relations Manager NCC AB Tel +46 8 585 52346 or +46 70 392 9500 All of NCC's press releases are available on www.ncc.info NCC is one of the leading construction and property development companies in the Nordic region. NCC had in 2003 sales of SEK 45 billion, with 24,000 employees. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/03/02/20040302BIT20140/wkr0001.pdf