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Nordic Waterproofing

Nordic Waterproofing

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The board of directors has resolved to utilise its authorisation to acquire own shares

19:05 / 1 November 2021 Nordic Waterproofing Press release

The board of directors in Nordic Waterproofing Holding AB has, based on the authorisation granted by the annual general meeting held on 29 April 2021, resolved to repurchase a maximum of 89,102 own shares on Nasdaq Stockholm during the period 1 November 2021 up to and including the last trading day before the annual general meeting 2022 for a total maximum amount of SEK 30 million.

The purpose of the repurchase of shares is to secure the obligations arising from the company’s long-term share-based incentive programme LTIP 2021. The share buyback programme will be carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 (“MAR”) and the Commission Delegated Regulation (EU) No 2016/1052 (the “Safe Harbour Regulation”). The share buyback programme will be managed by Nordea Bank Abp that makes its trading decisions regarding the company’s shares independently of, and without influence by, the company with regard to the timing of the repurchases.

The share buyback programme is subject to the following terms:

  1. A maximum of 89,102 shares may be repurchased for a total maximum amount of SEK 30 million. The company’s holding of its own shares may not at any time exceed ten (10) per cent of the outstanding shares in the company.
  2. Acquisitions are to be made on Nasdaq Stockholm in accordance with the Nasdaq Nordic Main Market Rulebook for Issuers of Shares, MAR and the Safe Harbour Regulation.
  3. Acquisitions shall commence no earlier than 1 November 2021 and shall end no later than the last trading day before the annual general meeting 2022.
  4. Repurchases of shares on the Nasdaq Stockholm are to be made at a per-share price within the registered interval for the going rate at any given time, which denotes the interval between the highest and lowest selling price.
  5. Payment for the shares shall be made in cash.

The total number of shares in Nordic Waterproofing Holding is 24,083,935. At the time of this press release, the company holds 87,232 own shares. In the event share acquisitions are executed in full, the company will hold shares representing a maximum of 0.74 per cent of the outstanding shares in the company.

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MFN

This information was distributed by MFN https://www.mfn.se/