Saab utilises authorisation to repurchase own shares
The Saab Annual General Meeting 2018 resolved to authorise the Board of Directors to decide to repurchase the company’s own shares of series B in order to secure delivery of shares to participants in Saab’s long-term Share Matching Plan, Performance Share Plan and Special Projects Incentive. Saab announces that the Board of Directors today has decided to utilise its authorisation for this purpose.
Shares shall only be purchased on Nasdaq Stockholm at a price within the price range (spread) on Nasdaq Stockholm applicable from time to time, meaning the spread between the highest purchase price and the lowest selling price prevailing and disseminated by Nasdaq Stockholm from time to time.
Acquisitions of shares can be made as of 23 July 2018 until the Annual General Meeting 2019. However, no acquisitions will be made during a 30-day period prior to the announcement of a financial report.
Saab’s holding of own shares is 2,100,893 shares of series B as per 12 June 2018. The total number of outstanding shares in the company is 109,150,344. The maximum number of shares now intended to be repurchased is 500,000 shares of series B.
For further information, please contact:
Saab Press Centre,
+46 (0)734 180 018
presscentre@saabgroup.com
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Saab serves the global market with world-leading products, services and solutions within military defence and civil security. Saab has operations and employees on all continents around the world. Through innovative, collaborative and pragmatic thinking, Saab develops, adopts and improves new technology to meet customers’ changing needs.