Board resolution regarding the repurchase of shares
Today’s Annual General Meeting of Wallenstam AB (publ) on April 28, 2020 resolved to authorize the board to take decisions concerning the acquisition of the company’s own shares up until the next AGM. At the Statutory Board meeting that immediately followed the AGM, the Board resolved to use this authorization on the basis of the conditions stipulated by the AGM.
Purchase can be made on Nasdaq Stockholm of as many of its own B shares, such that the company’s holding at any one time does not exceed 10 percent of all shares in the company. Such acquisitions shall take place within the prevailing price range at any given time (i.e. the spread between the highest buying price and lowest selling price).
The purpose of the authorization to acquire the company’s own shares is to provide the Board with the freedom of action to adjust the company’s capital structure and create value for the company’s shareholders.
The current holding of own shares amounts to 7,000,000 B shares.
For further information, please contact:
Susann Linde, CFO and Head of Investor Relations Wallenstam AB (publ) tel. +46 31 20 00 00 or +46 705 17 11 34
Wallenstam is a property company that manages, builds and develops properties for sustainable living and enterprise in Stockholm, Gothenburg and Uppsala. The property holding is valued at around SEK 54 billion and the customer base consists of around 9,500 households and 1,000 enterprises. The total lettable area is around 1 million sq m. Wallenstam is self-sufficient in renewable energy through its own wind turbines in operation. The company’s B shares have been listed on Nasdaq Stockholm since 1984.