EQT AB's Share Repurchase Program Highlights and Details

EQT AB's Share Repurchase Program Overview
EQT AB has been actively engaging in the repurchase of its own ordinary shares, which reflects the company’s commitment to enhancing shareholder value. Recently, EQT announced that between May 5 and May 9, a total of 580,000 ordinary shares were repurchased as part of an ongoing share repurchase program.
Details of the Share Repurchase
The repurchase program, originally set to acquire a maximum of 4,931,018 shares for a total amount of SEK 2,500,000,000, was first announced on March 11. This program runs from March 12 to May 16 and is being executed in accordance with applicable regulations around market conduct.
Weekly Repurchase Breakdown
The repurchases for the week were as follows:
- May 5: 115,000 shares at a weighted average price of SEK 277.1975.
- May 6: 120,000 shares at SEK 275.1516.
- May 7: 120,000 shares at SEK 275.2229.
- May 8: 115,000 shares at SEK 279.6521.
- May 9: 110,000 shares at SEK 280.7773.
This results in a total accumulated repurchase of 580,000 shares during the week, with a weighted average share price of SEK 277.5313 and a total transaction value of SEK 160,968,147.
Cumulative Program Results
Since the beginning of the repurchase program, EQT has repurchased a total of 4,380,807 shares at a weighted average price of SEK 285.8058, amounting to a significant transaction value of SEK 1,252,060,143.34. This demonstrates EQT's strategic focus on optimizing its capital structure and supporting its share value.
Impact on Share Structure
Following these transactions, the total number of shares reflects EQT's position as follows:
- Issued Ordinary Shares: 1,241,510,911
- Class C Shares: 496,056
- Total Shares: 1,242,006,967
- EQT Owned Shares: 64,304,998
- Outstanding Shares: 1,177,205,913
The shares held by EQT AB do not carry voting rights or dividends, showcasing the company's approach to maintaining solid shareholder engagement.
Conclusion
EQT AB's systematic repurchase process highlights their proactive stance in managing and enhancing shareholder value. By diligently executing this program, EQT demonstrates its commitment to strengthening its stock performance and aligning with investor interests.
Frequently Asked Questions
What is the reason behind EQT AB's share repurchase program?
The share repurchase program aims to optimize capital structure and enhance shareholder value by reducing the number of outstanding shares.
What was the total number of shares bought back in a recent week?
A total of 580,000 ordinary shares were repurchased between May 5 and May 9.
What is the total maximum amount allocated for the repurchase program?
The maximum amount for the repurchase program is set at SEK 2,500,000,000.
How do repurchased shares affect existing shareholders?
Repurchased shares can increase the value of remaining shares by reducing supply and can also signal management's confidence in the company's future prospects.
Who conducts the transactions for EQT AB's share repurchase?
All acquisitions have been carried out on Nasdaq Stockholm by designated brokers on behalf of EQT AB.
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