Brief: Hufvudstaden Board Resolves On Repurchases Of Own Shares

Hufvudstaden AB

11/09/2020 06:27

Sept 11 (Reuters) - Hufvudstaden AB (publ)  HUFVa.ST :
    * SAID ON THURSDAY BOARD OF HUFVUDSTADEN RESOLVED ON
REPURCHASES
OF OWN SHARES
    * REPURCHASES MAY TAKE PLACE ON ONE OR SEVERAL OCCASIONS IN
THE
PERIOD FROM SEPTEMBER 11, 2020 UP UNTIL COMPANY'S NEXT AGM
    * REPURCHASES CAN BE MADE UP TO A TOTAL AMOUNT OF SEK 500
MLN,
PROVIDED THAT GROUP'S EQUITY RATIO, FOLLOWING A REPURCHASE,
SHALL NOT FALL BELOW THE GROUP'S TARGET OF 40%
    * REPURCHASES MAY COMPRISE SUCH MAXIMUM NUMBER OF SERIES A
SHARES
THAT CO'S HOLDING OF OWN SHARES AT NO TIME EXCEEDS 10 PER CENT
OF THE TOTAL NUMBER OF SHARES
    * HUFVUDSTADEN NOW HOLDS 5,006,000 OF ITS OWN SHARES IN
TREASURY,
CORRESPONDING TO 2.4% OF THE TOTAL NUMBER OF SHARES

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkrcrGMq
    
 Further company coverage:  HUFVa.ST  
   


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