The Board of Directors of NOTE has decided to utilise the authorisation to repurchase own shares
The Board of Directors of Note AB (publ) (”Note”) has decided, based on the authorisation granted by the Annual General Meeting on 18 April 2024, to acquire own shares on Nasdaq Stockholm. The purpose of the repurchase is to adjust the company's capital structure and to contribute to shareholder value.
The repurchase of own shares is subject to the following conditions:
- Repurchases may not exceed 1 000 000 shares.
- Note's holding of own shares may not at any time exceed ten (10) per cent of all shares in the company. Acquisitions shall be made on Nasdaq Stockholm in accordance with its Nordic Main Market Rulebook for Issuers of Shares.
- Acquisitions may take place on one or more occasions between 30 August 2024 and the 2025 AGM. No acquisitions will be made for thirty days before Note publishes a financial report.
- Acquisitions may be made against cash payment on Nasdaq Stockholm.
- Acquisitions may be made at a price that falls within the price interval registered on Nasdaq Stockholm at any given time, meaning the interval between the highest bid price and the lowest ask price. Acquisitions may also be made through block trades in accordance with applicable rules.
- In line with the authorisation granted by the Annual General Meeting, the purpose of the buy-back is to be able to continuously adapt the company's capital and share structure in order to contribute to increased shareholder value.
- The buy-backs will be carried out by Skandinaviska Enskilda Banken, which will act under instructions from Note.
The total number of shares in Note amounts to 28,983,600. At the time of this press release, Note holds no own shares.