Utilisation of authorisation to repurchase treasury shares

The Annual General Meeting in Niscayah Group AB on 3 May 2011, resolved to authorise the Board of Directors to repurchase treasury shares for the period up until the Annual General Meeting 2012 corresponding to a maximum of 10 percent of the total number of shares in Niscayah Group AB.

On 3 May 2011, the Board of Directors resolved to utilise the authorisation and acquire a maximum number of 1,000,000 shares of class B in the company. The shares will be purchased over NASDAQ OMX Stockholm before 27 June 2011, at a price within the registered share price interval at any given time. The motive for the repurchase is to hedge to company’s costs including costs for social security, in connection with the implementation of the long term performance based incentive program (LTIP 2011) resolved upon by the Annual General Meeting on 3 May 2011.

Niscayah Group AB holds 1,000,000 shares in total, corresponding to 0.3 percent of the total number of registered shares.  

For further information please contact:
Johan Andersson Melbi, Investor Relations +46 (0)10 458 80 23

Niscayah Group AB (publ) is a world leading security company specialized in technical security services and solutions for customers with high security demands such as bank and post, retail, utilities, transport and logistics and gas stations. Niscayah has approximately 5,100 employees and is present in 14 countries in Europe as well as in USA. Niscayah is a publicly listed company on the OMX Nasdaq stock exchange in Stockholm, Sweden.

Niscayah Group AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication at CET 19:00 on 3 May, 2011.