Board authorised to repurchase shares in the company
The Extraordinary General Meeting of Holmen held on Tuesday resolved in favour
of authorising the Board to buy and sell shares in the company, on one or more
occasions between now and the next Ordinary Annual General Meeting.
Purchases shall take place on the OM Stockholm Exchange at the listed prices
applying at the time of purchase. The number of shares that may be purchased
must not exceed 10 per cent of all the shares in the company.
The company's own shares may be used as payment in connection with
acquisitions of companies or lines of business.
Holmen's Board has decided
to exercise the authority
Holmen's Board has decided to exercise its authority to purchase shares
in the company.
According to the Board's decision, up to 8,858,278 shares will be acquired
between now and the next Ordinary Annual General Meeting.
Based on the result for the past six months, a repurchase of that number
of shares would, at today's listed price, raise Holmen's return on equity
by some 0.6 percentage points and its earnings per share by about 7 per cent.
The repurchase of shares is a step in the matching of the Group's capital
structure to its objectives.