Boliden Announces Strategic Share Repurchase Plan for Growth
Boliden's Share Repurchase Initiative
Boliden, a leading metal and mining company, has enacted a plan to repurchase shares on Nasdaq Stockholm. This decision stems from the authorization granted during the Annual General Meeting. The intention behind this initiative is to secure a maximum of 100,000 shares, focusing on enriching the company's long-term share savings program.
Details of the Share Repurchase
The repurchase will take place from a specified start date until the end of February 2025, with a financial ceiling of SEK 40 million. By engaging in this strategic repurchase, Boliden aims to facilitate the delivery of shares to participants in its long-term share savings program 2024/2027.
Implementation Guidelines
Boliden's Board of Directors has outlined conditions for executing the repurchase. This includes compliance with the Market Abuse Regulation and ensuring transactions align with the Nordic Main Market Rulebook for issuers of shares. Transactions will be executed by Skandinaviska Enskilda Banken AB (SEB), tasked with making independent trading decisions.
Adhering to Market Regulations
The share repurchase must not exceed 10% of the total shares in circulation at any given time. The authorized period for repurchases starts no earlier than the specified date in February 2025, ensuring adherence to both price and volume restrictions consistent with market standards.
Current Shareholding Information
Presently, Boliden holds a total of approximately 273.5 million shares, including 40,000 treasury shares. The company's initiative to repurchase shares emphasizes its commitment to maintaining a robust capital structure while rewarding its shareholders.
Additional Information and Contacts
For more information, interested parties can reach out to Klas Nilsson, Director of Group Communications at Boliden. He provides further insights on this strategic decision. Boliden is committed to transparency and supporting its investor community.
Frequently Asked Questions
What is Boliden's share repurchase plan?
Boliden plans to repurchase up to 100,000 shares to enhance its long-term share savings program.
When will the share repurchase take place?
The repurchase is set to commence on February 7, 2025, and will conclude by February 28, 2025.
Who will execute the share repurchase?
Skandinaviska Enskilda Banken AB (SEB) will manage the execution of the repurchase independently.
What regulations govern the share repurchase?
The repurchase will comply with the Market Abuse Regulation and the Nordic Main Market Rulebook for issuers.
How many shares does Boliden currently hold?
Boliden currently holds 40,000 treasury shares out of a total of 273,511,169 shares.
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