The Board of Directors of Projektengagemang has passed a resolution to acquire treasury shares
The Board of Directors of Projektengagemang Sweden AB (publ) (“Projektengagemang”) has, based on the authorisation granted by the Annual General Meeting held on 5 May 2021, resolved to acquire class B treasury shares on Nasdaq Stockholm. The purpose of the repurchase is to secure the future provision of shares and other obligations (including social security contributions) by Projektengagemang relating to its 2021, 2020 and 2019 performance-based share purchase programmes.
Acquisitions of treasury shares may constitute a maximum of 500,000 class B shares purchased on one or more occasions during the period from 30 March 2022 until the next Annual General Meeting at the latest. Repurchases shall be made on Nasdaq Stockholm in accordance with the applicable rules and at a price per share within the price range registered at the time. Payment for the shares will be made in cash. Reporting will take place via the stock exchange in accordance with the applicable rules.
The repurchase will be managed by SEB which, based on trading orders issued by Projektengagemang, will make trading decisions regarding the timing of the repurchases independently of Projektengagemang.
Projektengagemang does not hold any treasury shares as of today’s date and the total number of outstanding shares in the company amounts to 24,555,677, of which 5,298,324 are class A shares and 19,257,353 are class B shares. Upon full completion of the repurchase, the company will hold shares corresponding to a maximum of 2.0 percent of the company’s issued shares.
This disclosure contains information that Projektengagemang is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 30-03-2022 09:15 CET.