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Solid Försäkringsaktiebolag
Transaction in Own Shares • Oct 26, 2022
3199_iss_2022-10-26_9f0d7644-99d7-428e-9e9e-45b8d8ba6e00.pdf
Transaction in Own Shares
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Solid Försäkringsaktiebolag to repurchase shares
Solid Försäkringsaktiebolag´s (publ) Board of Directors has, based on the authorization from the extraordinary general meeting on 29 September, decided to initiate a share buy-back program.
The main reason for the buy-back program is to create a tool for the Board to continuously during the year adapt and improve the company's capital structure and thereby create additional value for shareholders. The intent is that the repurchased shares will later be cancelled by resolutions of upcoming Annual General Meetings.
The repurchase of shares may only be effected on Nasdaq Stockholm, on one or several occasions during the period up to the next Annual General Meeting, in accordance with the following terms and conditions:
- Acquisition of own shares may occur of at most as many shares as are needed so that the company's holdings of own shares at any given time do not exceed five (5) per cent of all shares in the company. ·
- Acquisition of own shares must occur on Nasdaq Stockholm in accordance with Nasdaq Stockholm's Rule Book for Issuers. ·
- Acquisition of own shares may only be effected on Nasdaq Stockholm at a price per share within the registered span of share prices at the particular time, by which is meant the span between the highest price paid and the lowest selling price, or if the Board instructs a member of Nasdaq Stockholm to accumulate a specific number of the company's shares for its own account during a limited period, at a price per share within the price interval at the time or an equivalent volume‐weighted average price. ·
- · The shares are to be paid for in cash.
Completed acquisitions of own shares will be disclosed and reported in accordance with applicable laws and regulations as well as Nasdaq Stockholm Rulebook for Issuers.
Solid Försäkringsaktiebolag currently holds 0 treasury shares.
For the complete authorization resolved on by the EGM of Solid Försäkringsaktiebolag on 29 September 2022, please refer to Solid Försäkringsaktiebolag´s website, https://corporate. solidab.se/en/
Contacts
Marcus Tillberg, CEO, [email protected]; +46 (0)70-378 20 65 Sofia Andersson CFO, [email protected], +46 (0)70-042 11 77 Johan Hähnel, Head of IR, [email protected], +46 (0)70-605 63 34
About Solid Försäkring
Solid Försäkring is a non-life insurance company founded in 1993. Solid Försäkring focuses on niche insurance, with the Nordic region as its core market. The non-life insurance operations are divided into three segments: Product, Personal Safety and Assistance. Solid Försäkring has a customer base of approximately 2.3 million private customers in the Nordic region which are primarily sourced through partnerships with leading retail chains within several different industries and banks, credit market companies and other financial institutions, travel agencies, car dealerships and car repair shops.