STOCKHOLM, March 11, 2025 /PRNewswire/ -- The Board of EQT AB ("EQT") has resolved to repurchase a maximum of 4,931,018 own ordinary shares.
-- The resolution is made by virtue of the authorization granted by the
Annual Shareholders' Meeting held on 27 May 2024 to repurchase own
shares.
-- A maximum of 4,931,018 ordinary shares (0.4% of EQT's share capital) are
to be repurchased, and the total maximum amount is SEK 2,500,000,000.
-- The repurchase corresponds to approximately SEK 1,464m based on the
closing price for EQT's share on Nasdaq Stockholm on 11 March 2025(1).
-- Repurchases may be made during the period 12 March - 16 May, 2025.
-- As previously communicated, EQT expects to execute share buyback
programs twice a year to offset - over time - the dilution impact from
shares delivered to EQT's employees under its Share and Option incentive
programs.
-- Together with the share buyback program completed in August 2024, the
buyback corresponds to the maximum potential dilution for the 2024 Share
and Option incentive programs.
Purpose and terms
The purpose of the repurchase program is to adjust EQT's capital structure (by way of cancellation of shares). The repurchase program 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 repurchase program will be managed by Skandinaviska Enskilda Banken AB ("SEB") that, based on the trading order given by EQT to SEB, makes its trading decisions regarding timing of the acquisitions independently of EQT.
The repurchase program resolved by the Board is subject to the following terms:
1. Repurchases may only be effected on Nasdaq Stockholm in accordance with
Nasdaq Stockholm's Rulebook for Issuers of Shares (the "Rulebook") as
well as in accordance with MAR and the Safe Harbour Regulation.
2. Repurchases may be made on one or several occasions during the period 12
March - 16 May, 2025.
3. Repurchases may only be effected at a price per share within the price
interval applying on Nasdaq Stockholm from time to time, which refers to
the interval between the highest buying price and the lowest selling
price continuously disseminated by Nasdaq Stockholm, and in accordance
with the restrictions relating to price in the Safe Harbour Regulation.
4. Repurchases may only be effected in accordance with the restrictions
regarding volume for acquisitions of own shares stated in the Rulebook
and in the Safe Harbour Regulation.
5. A maximum of 4,931,018 own ordinary shares may be repurchased for a total
maximum amount of SEK 2,500,000,000.
6. Payment for the shares shall be made in cash.
The number of shares in EQT as of the date of this press release is set out in the table below.
Ordinary shares Class C shares(2) Total Number of issued shares(3) 1,241,510,911 496,056 1,242,006,967 Number of shares owned by EQT AB4 59,924,191 59,924,191 Number of outstanding shares 1,181,586,720 496,056 1,182,082,776
1) SEK 296.8 / share.
2) Carry one tenth (1/10) of a vote. Includes 385,499 C shares reclassified to ordinary shares resolved by the Board on 11 March 2025, pending registration.
3) Total number of shares in EQT AB, i.e. including the number of shares owned by EQT AB.
4) EQT AB shares owned by EQT AB are not entitled to dividends and carry no votes at shareholders' meetings.
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334
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The following files are available for download:
https://mb.cision.com/Main/87/4117630/3315268.pdf EQT -Share buyback -Press release (launch 11 Mar 2025) EN https://news.cision.com/eqt/i/eqt-group-office,c3385956 EQT Group Office
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