Com Hem redeems 886,221 shares for a total of SEK 65 million
Com Hem Holding AB (publ) (”Com Hem”) today announces the result of the company's redemption program.
Upon completion of the application period on 21 April 2015, a total of 886,221 shares in Com Hem have been applied for redemption, at a price of SEK 73.50 per share. In total SEK 65 million will be paid to the shareholders who have applied for redemption of shares.
Following the completion of the redemption program, the total number of outstanding shares in Com Hem will amount to 206,643,376 shares, with an equal number of votes attached. Payment of proceeds for redeemed shares is expected to be made around 11 May 2015.
Notes to the editors:
Press release from February 10, 2015:
Com Hem Holding AB announces proposed share redemption, buy-back programme and a 2015 dividend
Press release from March 10, 2015:
Announcement from Extraordinary Meeting of shareholders on March 10, 2015
For queries, please contact:
Petra von Rohr, Director IR & Corporate Communications
Tel: +46(0)734 39 06 54
Investor.relations@comhem.com
Fredrik Hallstan,
Head of PR
Tel: +46(0)761 15 38 30
press@comhem.com
This press release contains such information which Com Hem Holding AB shall disclose pursuant to the Swedish Securities Markets Act (2007:528) and/or the Swedish Financial Instruments Trading Act (1991:980). The information was submitted for publication at 08:30 CET, on 23 April 2015.
About Com Hem
Com Hem is one of Sweden’s leading suppliers of high-speed broadband, television and fixed-telephony. Approximately 40% of Sweden’s households are connected to Com Hem’s network, with access to the market’s broadest range of television services. Com Hem offers broadband speeds up to 500 Mbps to 1.6 million households which is more than any other operator. Since 2013 Com Hem has a competitive B2B-offer of broadband and telephony services. Com Hem was founded in 1983, has approximately 1,100 employees and its head office is in Stockholm. Operations are run through three subsidiaries; Com Hem AB, Phonera Företag AB and iTUX Communication AB. Com Hem shares are listed on Nasdaq Stockholm. For more information, visit: www.comhemgroup.com.