06.05.2014 18:36:00
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Utilization of Authorization in SWECO AB (publ) to Repurchase Own Class C Shares
Regulatory News:
Sweco (STO:SWECA) (STO:SWECB)
The Annual General Meeting of SWECO AB (publ) resolved on 16 April 2014 to authorize the Company’s board to decide on the repurchase of the Company’s own class C shares in order to secure the Company’s obligations in connection with the Share Bonus Scheme 2014 resolved upon by the Annual General Meeting.
Today, the Company’s board has decided to utilize the authorization for this purpose. The acquisition of class C shares will be made by Sweco repurchasing all of the outstanding 900,000 class C shares from the assisting financial institution, at the share issue price of SEK 1 per share. The repurchase will be made between 8 May and 30 May 2014.
The Company currently holds 492 048 class B treasury shares, representing 0.5 per cent of the total outstanding number of shares and 0.3 per cent of the votes in the Company.
Sweco is the Nordic region’s leading provider of services for sustainable engineering and design. Together, our 9,000 engineers, architects and environmental experts develop sustainable and value-creating solutions for clients and society. Sweco is one of Europe’s ten largest consulting engineering companies and conducts annual project exports to 80 countries worldwide. The company has annual sales of approximately SEK 9 billion and is listed on Nasdaq OMX Stockholm AB.
The information contained herein is subject to the disclosure requirements of Sweco AB under the Swedish Securities Exchange and Clearing Operations Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 6 May 2014, 18:30 p.m. CET.
This information was brought to you by Cision http://news.cision.com
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