Utilization of authorization in SWECO AB (publ) to repurchase own class C shares
The Annual General Meeting of SWECO AB (publ) resolved on 16 April 2014 to authorize the Company’s board to decide on the repurchase of the Company’s own class C shares in order to secure the Company’s obligations in connection with the Share Bonus Scheme 2014 resolved upon by the Annual General Meeting.
Today, the Company’s board has decided to utilize the authorization for this purpose. The acquisition of class C shares will be made by Sweco repurchasing all of the outstanding 900,000 class C shares from the assisting financial institution, at the share issue price of SEK 1 per share. The repurchase will be made between 8 May and 30 May 2014.
The Company currently holds 492 048 class B treasury shares, representing 0.5 per cent of the total outstanding number of shares and 0.3 per cent of the votes in the Company.
Attached information
Anna Elisabeth Olsson
Head of Press and Public Affairs