Brief: AcadeMedia Says Board Proposes Voluntary Share Redemption Program

AcadeMedia AB

24/10/2023 16:23

Oct 24 (Reuters) - AcadeMedia AB  ACADE.ST :
    * THE BOARD OF ACADEMEDIA PROPOSES A VOLUNTARY SHARE
REDEMPTION
PROGRAM
    * CONCLUDED THAT CURRENT VALUATION DOES NOT CORRESPOND TO
INVESTMENTS AND POSITION THAT COMPANY HAS ACHIEVED
    * BOARD'S PROPOSAL WILL COMPRISE A VOLUNTARY REDEMPTION
PROGRAM OF
NOT MORE THAN A TOTAL OF SEK 275 MILLION
    * SAYS REDEMPTION PROCEDURE IS INTENDED TO BE CARRIED OUT IN
FEBRUARY/MARCH 2024

Source text for Eikon:  ID:nWkr6v53XF 
Further company coverage:  ACADE.ST 

 ((Reuters.Briefs@thomsonreuters.com;))