NOTE utilises mandate to buy back own shares
The Board of Directors of NOTE AB (publ) has today decided to exercise the authorisation granted by the Annual General Meeting to repurchase own shares on one or more occasions until the next Annual General Meeting.
The Annual General Meeting (AGM) of NOTE AB (publ) on 26 April 2018 resolved to authorise the company's Board of Directors to acquire treasury shares. According to the mandate from the AGM, the Board of Directors is authorised to acquire so many own shares that the company holds a maximum of ten percent of all shares in the company after the acquisition.
The company's Board of Directors has now decided to use this authorisation. The acquisition of own shares is made in order to adapt the company's capital and share structure and thereby contribute to increased shareholder value.
The total number of shares issued by NOTE is currently 28,872,600 shares and the maximum number of shares that can be repurchased is thus 2,887,260 shares.
According to the decision of the Board of Directors, buy-backs are currently limited to a maximum of 1,000,000 shares, including any block trades carried out as described below. Acquisitions will take place on Nasdaq Stockholm. This means that all transactions will be registered in Nasdaq's system, regardless of how they have been initiated and otherwise implemented. The acquisitions will be carried out at a price within the price interval registered at any given time, meaning the interval between the highest bid price and the lowest ask price.
The Board's decision means that it will be possible to acquire shares through block trades.
Acquisitions shall be possible from 12 December 2018 until the next Annual General Meeting on 25 April 2019. No acquisitions will be made during the 30 days prior to the publication of the quarterly report, including the day of publication.
NOTE AB (publ) does not own any of its own shares until the above-mentioned repurchase of own shares has been completed.
For further information, please contact:
Johan Hagberg, Chairman of the Board, tel. 070-644 33 56
Johannes Lind-Widestam, President and CEO, tel. 070-541 72 22
Henrik Nygren, Chief Financial Officer, tel. 070-977 06 86
About NOTE
NOTE is one of northern Europe's leading electronics manufacturing partners. NOTE manufactures printed circuit boards, sub-assemblies and complete products (box build). Its customer offering covers the whole product lifecycle, from design to after-sales. NOTE is established in Sweden, Finland, the UK, Estonia and China. Sales in the last 12 months were SEK 1,307 m, and the group has approximately 1 050. NOTE is listed on Nasdaq Stockholm. For more information, please visit www.note.eu.
This information is information that NOTE AB (publ) is obliged to make public pursuant to the regulatory framework for issuers on Nasdaq Stockholm. IThe information was submitted for publication on 12 December 2018 at 13:00 CET.