Securitas' Board of Directors has resolved to purchase own shares
The Board of Directors of Securitas has authorized the acquisition of up to 350,000 series B shares on Nasdaq Stockholm, starting from June 4, 2021, and concluding by August 31, 2021. This buyback aims to support share-related incentive programs and cover social security costs. As of the announcement, the total number of shares in Securitas is 365,058,897, with 125,000 already owned by the company. If fully executed, the acquisition would represent a maximum of 0.13% of issued shares.
- Acquisition could strengthen employee motivation through share-based incentive programs.
- Buyback may support share price stability.
- Potential concerns over continuity of shareholder value amidst share repurchase.
- Limited impact on overall shareholder ownership with only <0.13% share acquisition.
STOCKHOLM, June 3, 2021 /PRNewswire/ -- The Board of Directors of Securitas AB (publ) ("Securitas") has resolved, pursuant to the authorization granted by the Annual General Meeting held on May 5, 2021, that the company shall acquire own shares of series B on Nasdaq Stockholm. The purpose of the acquisition is to ensure Securitas' undertakings in respect of share-related or share-based incentive programs (other than delivery of shares to participants of incentive programs), including covering social security costs.
The acquisition may commence on June 4, 2021, and shall end no later than August 31, 2021, and will be administrated by Danske Bank, which, based on the trading order given by Securitas to Danske Bank, will take trading decisions independently of Securitas with regard to the timing of the acquisition.
The acquisition may comprise a maximum of 350,000 series B shares on one or several occasions and shall be made on Nasdaq Stockholm in accordance with applicable rules. The acquisitions will be made at a price per share within the from time to time registered trading interval. Payment for the shares will be made in cash. Reporting will take place through the stock exchange in accordance with applicable rules.
The total number of shares in Securitas amounts to 365,058,897, of which 17,142,600 shares of series A and 347,916,297 are shares of series B. At the time of this press release the company holds 125,000 own shares. In the event of a fully executed share repurchase, the company will own shares representing maximum 0.13 percent of the issued shares in the company.
This press release is also available at: www.securitas.com.
Further information:
Investors: Micaela Sjökvist, Head of Investor Relations; +46 76 116 7443, micaela.sjokvist@securitas.com
Media: Helena Andreas, SVP Communications & People, +46 10 470 30 20; press@securitas.com
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Press release - (acquisition of own shares) - Final |
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SOURCE Securitas
FAQ
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