The Board of Directors of Holmen has decided to exercise its authorisation from the Annual General Meeting held on 28 March 2023 to buy back own shares.
Repurchases may amount to a maximum of 3 million shares of series B during the period from and including 3 May 2023 until the next annual general meeting, on one or several occasions. The shares will be bought on Nasdaq Stockholm in accordance with its Issuer Rules, at a price per share within the price range on Stockholm Nasdaq at any given time, by which is meant the range between the highest buying price and the lowest selling price published continuously by Nasdaq Stockholm.
The purpose of the repurchase is to adjust the Group’s capital structure to thereby create increased value for the company's shareholders. Even after a repurchase of shares, the Group’s financial position is considered to be strong and fully adequate to continue to develop the business.
At the time of this press release, Holmen holds 510 646 of its own shares in treasury, corresponding to 0.3 per cent of the total number of shares in the company.
For more information, please contact:
Stina Sandell, Senior Vice President Sustainability and Communications, Holmen, +46 739 86 51 12
This information is information that Holmen AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 3 May 2023 at 13.30 CEST.