The Board of Directors of Addnode Group has, by virtue of the authorisation from the Annual General Meeting held on May 6, 2021, resolved on repurchase of own B-shares.
The purpose of the authorisation to repurchase own shares, and the Board of Directors’ decision to utilise the authorisation from Annual General Meeting, is mainly to enable delivery of shares related to the implementation of Addnode Group’s long-term share-based incentive plan, LTIP 2021. The repurchase of own B-shares will be conducted in accordance with the Nordic Main Market Rulebook for Issuers of Shares.
The repurchases will be conducted in accordance with the following conditions:
- Acquisitions may be conducted on one or more occasions for the period until the end of the next Annual General Meeting.
- A maximum of 200 000 B-shares may be acquired.
- Acquisitions of shares are to be conducted on Nasdaq Stockholm and at a price per share that is within the registered spread of share prices, by which is meant the spread between the highest price paid and the lowest asked.
- Payment for the shares shall be made in cash.
Reporting of repurchases will be made to Nasdaq Stockholm in accordance with applicable rules.
As per the date of this press release, the total number of shares in Addnode Group amounted to 33,632,058, of which 987,174 were A-shares and 32,644,884 were B-shares. Addnode Group does not hold any own shares as per at the date of this press release.
