Bufab Group: The Board of Directors of Bufab has resolved to utilise its authorisation to repurchase own shares
April 21 2022 - 9:15AM
Bufab Group: The Board of Directors of Bufab has resolved to
utilise its authorisation to repurchase own shares
Bufab AB (publ)
PRESS RELEASE, Värnamo 21 April 2022
The Board of Directors of Bufab AB (publ) (“Bufab”) has
resolved, pursuant to the authorisation granted by the annual
general meeting held on 21 April
2022, to repurchase the company’s
own shares on Nasdaq Stockholm. The purpose of the
repurchase is to
hedge Bufab’s
future delivery
of shares to
the participants of
Bufab’s long-term call option program which was resolved by the
2022 annual general
meeting.
The repurchase may commence on 12 May 2022 and will be
administered by Svenska Handelsbanken AB, which will take trading
decisions independently of Bufab with regard to the timing of the
repurchases. However, no acquisitions will be made during a 30-day
period prior to the announcement of a financial report.
Purchases may comprise a maximum of 200,000 shares and may take
place on one or several occasions prior to the 2023 annual general
meeting. Repurchase shall be made on Nasdaq Stockholm in accordance
with its Rule Book for Issuers. The repurchases will be made at a
price within the registered price interval at any given time, which
refers to the interval between the highest buying price and the
lowest selling price. Payment for the shares will be made in cash.
Reporting will take place through the stock exchange in accordance
with applicable rules.
The total number of shares in Bufab is 38,110,533 and at the
time of this press release the company holds 621 407 own shares. In
the event of a fully executed share repurchase, the company will
own shares representing approximately 2,2 per cent of the issued
shares in the company.
For more
information, please
contact:
Marcus Söderberg, CFO, Bufab Group, Tel: +46 370-69 69 66
This information is such that Bufab AB (publ) is required to
make public pursuant to Nasdaq Stockholm’s Rulebook for
Issuers.
About BufabBufab AB (publ),
Corporate Registration Number 556685-6240, is a trading company
that offers its customers a full-service solution as Supply Chain
Partner for sourcing, quality control and logistics for C-Parts
(screws, nuts, etc.). Bufab’s Global Parts ProductivityTM customer
offering aims to improve productivity in the customers’ value chain
for C-Parts.
Bufab was founded in 1977 in Småland and is an international
company with operations in 28 countries. The head office is located
in Värnamo, Sweden, and Bufab has about 1,750 employees. Bufab’s
net sales for the past 12 months amounted to SEK 6.5 billion and
the operating margin was 11.8 percent. The Bufab share is listed on
Nasdaq Stockholm, under the ticker “BUFAB”. Please visit
www.bufab.com for more information.
- 210421-PressreleaseRepurchase
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