Brief: Scandic Launches Share Buyback Program Of SEK 300 Mln

Scandic Hotels AB

09/12/2024 07:15

Dec 9 (Reuters) - Scandic Hotels Group AB  SHOTE.ST :
    * SCANDIC LAUNCHES SHARE BUYBACK PROGRAM OF SEK 300 MILLION
    * PURPOSE OF BUYBACKS IS TO ADJUST SCANDIC'S CAPITAL
STRUCTURE AND
DISTRIBUTE CAPITAL TO SHAREHOLDERS
    * PROGRAM BEGINS ON 9 DECEMBER 2024 AND WILL CONTINUE UNTIL
NO
LATER THAN 31 MARCH 2025
    * PAYMENT FOR SHARES IS TO BE MADE IN CASH

Source text:  ID:nWkr5qcMqx 
Further company coverage:  SHOTE.ST 

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