Nobina AB (publ) to repurchase own shares
The Annual General Meeting resolved on 29 May 2019 to authorise the Board to decide to repurchase the company’s own shares. Based on this authorisation, the Board has decided to initiate a repurchase programme comprising not more than 961,667 shares. The aim of the repurchase programme is to meet the requirements arising under Nobina’s Share Saving Scheme, meaning securing delivery of the Performance Shares to the participants and securing and covering the costs for social fees that may arise.
The repurchase programme will be implemented in accordance with the EU Market Abuse Regulation No 596/2014 (“MAR”) and Commission Delegated Regulation No 2016/1052 (“Safe Harbour Regulation”). The repurchase programme will be managed by an investment firm or credit institution which makes its trading decisions concerning the timing of the purchases of Nobina’s shares independently of Nobina.
The repurchase programme meets the following conditions:
- Shares will be repurchased on Nasdaq Stockholm and in accordance with the rules governing purchases of own shares as stated in Nasdaq Stockholm’s Rule Book for Issuers and in accordance with MAR and the Safe Harbour Regulation.
- Repurchases may take place during the period between 29 October 2019 and 28 May 2020.
- Shares may be repurchased on Nasdaq Stockholm at a price per share within the share-price interval registered at any time, meaning the interval between the highest buying price and lowest selling price.
- Shares may be repurchased for a maximum total of SEK 100 million.
- A maximum of 961,667 shares may be repurchased.
- Payment for the shares will be made in cash.
As of the date of this press release, the total number of shares in Nobina is 88,355,682 shares. Nobina does currently hold 1,246,654 treasury shares. Completed acquisitions of own shares will be disclosed and reported in accordance with applicable laws and regulations as well as Nasdaq Stockholm’s Rule Book for Issuers.
For complete information on the authorisation resolved by the Annual General Meeting, visit Nobina’s website www.nobina.com.
The information was published, through the agency of the contact person mentioned below, on 29 October, 2019 at 8:00 a.m.
For further information, please contact:
Mattias Gelinder, Head of IR, +46 72 967 02 61
David Erixon, Head of Communications, +46 72 967 02 84
About Nobina
Nobina is the largest and most experienced public bus transport service provider in the Nordic region. The company’s expertise in prospecting, tendering and active management of public bus transport contracts in combination with long-term delivery quality makes Nobina the industry leader in terms of profitability, development and initiatives that promote a healthier industry. Every day, Nobina ensures that close to one million people arrive at work, school or other activities by delivering contracted public bus transport services in Sweden, Norway, Finland and Denmark. In addition, Nobina offers special public transport services under the brand Samtrans in the Swedish market. The company has sales exceeding SEK 10 billion (2018/19), 11,600 employees and is headquartered in Solna, Stockholm. For more information, see Nobina’s website: www.nobina.com.