The Board of Directors of Addnode Group has today utilised the authorisation from the Annual General Meeting held on 4 May 2022 and resolved to repurchase own class B shares.
The purpose of the repurchase is to enable delivery of shares related to completion of Addnode Group’s long-term share-based incentive plans, mainly LTIP 2022.
The repurchase of own class 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 during the period until the next Annual General Meeting.
- A maximum of 230,000 class B shares may be repurchased.
- Repurchases 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 amount to 134,528,232, of which 3,948,696 are class A shares and 130,579,536 are class B shares. Addnode Group holds 800,000 own class B shares as per the date of this press release.
