Buy backs of own shares to adjust capital structure
There is no specific target for share buy-backs. Holmen has used them as a complement to dividends as a means of adjusting the capital structure when conditions were deemed favourable.
Mandate to buy back shares
The 2018 Annual General Meeting received the Board's mandate to acquire up to 10 per cent of the company's shares, by acquiring B-shares.
Shares were bought back during 2000 and 2008. In total 1 520 000 of the company's Series "B" shares have been bought back, which corresponds to some 0.9 per cent of the total number of shares in issue and to some 0.3 per cent of the total number of votes.
You will find updated information on Holmen's buy-backs on the Nasdaq website.