The Board of Directors of Sivers Semiconductors AB has decided on the transfer of own shares
Kista, Sweden // 13 May 2024 // Sivers Semiconductors AB (STO: SIVE), announces that the Board of Directors has decided on a transfer of own shares.
At the Annual General Meeting of Sivers Semiconductors AB on 25 May 2023, it was decided to authorize the Board of Directors to, on one or more occasions during the period until the next Annual General Meeting, resolve on the transfer of own ordinary shares. The purpose of the transfer of own ordinary shares is to finance the payment of social security charges related to the company's incentive programs.
The Board of Directors of Sivers Semiconductors AB has decided to utilize the authorization as mentioned above and transfer a maximum 2,542,860 ordinary shares. All ordinary shares that will be transferred are currently held by the company, which means that no new shares will be issued.
For more information, please contact:
Anders Storm, CEO
Tel: +46 (0)70 262 6390
Email: anders.storm@sivers-semiconductors.com
This disclosure contains information that Sivers Semiconductors is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the contact person set out, on 13 May 2024 at 18.15 CEST.
Sivers Semiconductors AB (SIVE.ST) is a leader in SATCOM, 5G, 6G, Photonics, and Silicon Photonics that drives innovation in global communications and sensor technology. Our business units, Photonics and Wireless, supply cutting-edge, integrated chips and modules critical for high-performance gigabit wireless and optical networks. Catering to a broad spectrum of industries from telecommunication to aerospace, we fulfill the increasing demand for computational speed and AI application performance, replacing electric with optical connections for a more sustainable world. Our wireless solutions are forging paths in advanced SATCOM/5G/6G systems, while our photonics expertise is revolutionizing custom semiconductor photonic devices for optical networks and optical sensing, making us a trusted partner to Fortune 100 companies as well as emerging unicorns. With innovation at our core, Sivers Semiconductors is committed to delivering bespoke, high-performance solutions for a better-connected and safer world. Discover our passion for perfection at www.sivers-semiconductors.com.