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Semcon

Semcon

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SEMCON: DECISION REGARDING SHARE BUYBACK

18:30 / 15 July 2019 Semcon Press release

The Board of Semcon AB (publ) has, pursuant to the authorization of the Annual General Meeting of 24 April 2019, resolved to buyback up to 200,000 ordinary shares. 

The Board's decision aims to improve the company's capital structure. Acquisitions may be made on one or more occasions during the period between 17 July 2019 and the 2020 Annual General Meeting. A total of no more than 200,000 ordinary shares may be acquired. Acquisitions are to be made on Nasdaq Stockholm at a price within the share price range prevailing at any given time and payment shall be made in cash. The appropriate terms in the rule book for issuers with Nasdaq Stockholm shall be observed.

Semcon currently holds 685,738 shares in treasury, corresponding to 3.8 per cent of the total number of shares and votes in the company.

The information was submitted for publication, through the agency of the contact person set out above, at 18.30 CET on 15 July 2019.

Semcon is an international technology company that develops products based on human needs and behaviours. We strengthen our customers' competitiveness by always starting from the end user, because the person who knows most about the user's needs creates the best products and the clearest benefits to humans. Semcon collaborates mainly with companies in the automotive, industry, energy and life science sectors. With more than 2,100 specialised employees, Semcon has the ability to take care of the entire product development cycle, from strategy and technology development to design and product information. Semcon was founded in Sweden in 1980 and has offices in over 30 locations in eight different countries. In 2018, the Group reported annual sales of SEK 1.8 billion. Read more at semcon.com

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