Transaction in Own Shares • May 27, 2024
Transaction in Own Shares
Open in ViewerOpens in native device viewer
The Board of Directors of Bufab AB (publ) ("Bufab") has resolved, pursuant to the authorisation granted by the annual general meeting held on April 25, 2024, to repurchase the company's own shares on Nasdaq Stockholm. The purpose of the repurchase is to hedge Bufab's future delivery of shares to the participants of Bufab's long-term call option program which was resolved by the 2024 annual general meeting.
The repurchase may commence on May 27, 2024 and will be administered by Svenska Handelsbanken AB, which will take trading decisions independently of Bufab with regard to the time and price at which the repurchase takes place. However, no acquisitions will be made during a 30-day period prior to the announcement of a financial report.
Purchases may comprise a maximum of 45,300 shares and may take place on one or several occasions prior to the 2025 annual general meeting. Repurchase shall be made on Nasdaq Stockholm in accordance with the Nordic Main Market Rulebook for Issuers of Shares. The repurchases will be made at a price within the registered price interval at any given time, which refers to the interval between the highest buying price and the lowest selling price. Payment for the shares will be made in cash. Reporting will take place through the stock exchange in accordance with applicable rules.
The total number of shares in Bufab is 38,110,533 and at the time of this press release the company holds 213 449 own shares. In the event of a fully executed share repurchase, the company will hold 258,749 own shares representing approximately 0.7 percent of the total number of shares in the company.
For further information, please contact: Pär Ihrskog CFO +46 370 69 69 00 [email protected]
Bufab is a trading company that offers its customers a full-service solution as Supply Chain Partner for sourcing, quality control, sustainability and logistics for C-Parts. Bufab was founded in 1977 in Småland, Sweden, and is an international group that today consists of more than 50 companies. The group has 1,800 employees in some 28 countries and annual sales of SEK 8.7 billion in 2023. The share is listed on Nasdaq Stockholm since 2014. Read more on www. bufabgroup.com.
Have a question? We'll get back to you promptly.