Peab continues to repurchase its own shares

On the 16th of May, 2007 the Annual General Meeting authorised the Board of Peab to repurchase, before the next Annual General Meeting, the number of shares in Peab AB necessary for the company to achieve an ownership level of a maximum of ten percent of outstanding shares when purchasing is completed.

Based on this authorisation Peab’s Board has today decided to purchase a further 2,000,000 shares. The shares will be acquired on the OMX Nordic Exchange in Stockholm at the trading rate valid on the date of purchase.

Peab’s current shareholding is 5,625,000 B shares, which corresponds to 3.23 percent of the number of registered shares. The total number of outstanding shares in Peab is 174,139,096.

The purpose of the repurchase is in part to regulate the company’s capital structure, in part to finance acquisitions and such like or, according to the decision of the Annual General Meeting on May 16th, 2007, to keep the number of shares unchanged if and when convertible debentures issued in December 2007 are converted.


For additional information, please contact:
Mats Leifland, CFO Peab +46 733 371006
Gösta Sjöström, CIO, Peab +46 733 371010


Previous press releases from Peab are available at www.peab.com

Peab AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 08.31 am on 15 February 2008.