Com Hem’s holding of its own shares has exceeded 5 per cent
Com Hem Holding AB (”Com Hem”) today announces that the Company has on January 21, 2016 bought 72,000 shares under the ongoing share repurchase programs. The total number of treasury shares repurchased and held by Com Hem thereafter amounts to 10,388,171, corresponding to 5.03 per cent of the total number of shares and votes in the Company (206,643,376).
Com Hem has thereby repurchased shares in the market for a total of SEK 765m in accordance with the mandate given to the Board at the Annual General Meeting on May 21, 2015.
Com Hem will continue to execute on the mandate by repurchasing a maximum of 10 per cent of its own shares until the next Annual General Meeting.
Further information regarding Com Hems share buyback programs: http://www.comhemgroup.se/en/investors/the-share/repurchases-own-shares/
For queries, please contact:
Investors and analysts
Caroline Tivéus, IR-Manager
Tel: +46(0)734 39 08 67
Investor.relations@comhem.com
Media
Fredrik Hallstan, Head of PR
Tel: +46(0)761 15 38 30
press@comhem.com
Disclaimer
The securities referred to in this announcement have not been and will not be registered under the U.S.Securities Act of 1933, as amended (the “Securities Act”).
Com Hem Holding AB (publ) discloses the information provided herein pursuant to the Swedish Securities Markets Act (2007:528) and the Swedish Financial Instruments Trading Act (1991:980). The information was submitted for publication at 08:00 CET on January 22, 2016.
Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as “believe,” “expect,” “anticipate,” “intends,” “estimate,” “will,” “may,” "continue," “should” and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions.
Although Com Hem believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements.
The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice.
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 1.9 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 1,200 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’s shares are listed on Nasdaq Stockholm. For more information, visit: www.comhemgroup.com.