Press release published at The Swedish Wire
Under the authorisation from the annual general meeting 2012, the board of Concentric AB (publ) has decided to buy back own shares on NASDAQ OMX Stockholm. The repurchase is made on the purposes determined by the annual general meeting, i.e. in order to increase the flexibility for the board in connection to potential future corporate acquisitions, as well as to be able to improve the company's capital structure and to cover costs for, and enable delivery of shares in accordance with, LTI 2012.
Any acquisition of shares will take place before the annual general meeting 2013 and shall cover no more than 4,421,597 shares, i.e. 10 per cent of the total number of shares in Concentric AB. The acquisitions will be managed by an investment firm or financial institution which makes its trading decisions in relation Concentric AB's shares independently of and without influence from Concentric AB.
The total number of shares in Concentric AB amounts to 44,215,970 and the company does not hold any own shares at the time of this press release.
For information on the implementation of the share repurchases, please see www.nasdaqomxnordic.com. Repurchase of shares will not be press released separately, unless mandatory disclosure obligations apply.
This information was distributed by Cision