Sinch AB Board Approves Share Buyback Strategy for Growth
Sinch AB Board of Directors Announces Share Buyback Plans
The Board of Directors of Sinch AB (publ) has resolved to initiate a share repurchase program meant to acquire shares equivalent to up to ten percent of the company’s outstanding total. This decision was made under the authority provided by the Annual General Meeting and marks a significant step in Sinch's strategy to enhance shareholder value.
Authorization from Annual General Meeting
During the recent Annual General Meeting, the board received the green light to buy back its own shares, empowering them to execute this plan effectively. The board intends to acquire as many as 84,493,596 shares, which aligns with this ten percent target, aiming to adjust both the capital and stock structure.
Objectives Behind the Share Buyback
The primary purpose of the share buyback is to optimize the company's equity and boost overall shareholder value. By repurchasing shares, Sinch aims to provide a clearer capital structure which may benefit existing shareholders. This initiative is set to begin shortly and is projected to last until the subsequent Annual General Meeting of 2026.
Continuity and Process of Share Acquisitions
Sinch's existing share count stands at approximately 844,935,967. Currently, the company holds zero shares of its own. The share acquisitions will be executed on Nasdaq Stockholm, adhering to their rules, which dictate how trades are conducted. Notably, trades must occur within the current price range—between the highest bid and the lowest ask price—to maintain compliance with market regulations.
Market Activity Regulations
Notably, the buybacks are not allowed within a 30-day window preceding the publication of interim reports, which ensures transparency and stable market practices.
Contact Information for Inquiries
For further information regarding this share buyback initiative, stakeholders and interested parties can reach out to:
Ola Elmeland
Investor Relations Director
Mobile: +46 721 43 34 59
About Sinch AB
Founded in 2008, Sinch is at the forefront of global communication solutions, serving over 175,000 businesses, including many industry giants. With a focus on customer communication via mobile messaging, voice, and email, Sinch continues to grow both profitably and rapidly. The organization is headquartered in Stockholm, Sweden, and is publicly traded on NASDAQ Stockholm under the ticker XSTO:SINCH.
As Sinch pursues this repurchase initiative, it reflects the company's dedication to adapting its strategies to foster long-term growth and enhanced shareholder returns.
Frequently Asked Questions
What is the purpose of Sinch AB's share buyback?
The share buyback aims to optimize the capital structure and increase shareholder value.
How many shares does Sinch AB plan to repurchase?
Sinch AB plans to repurchase up to 84,493,596 shares, which is ten percent of its total shares.
When will the buyback program start?
The buyback program is set to begin on July 23, 2025, and will continue until the Annual General Meeting in 2026.
Where will the share repurchases take place?
The acquisitions will occur on Nasdaq Stockholm, following their trading guidelines.
Who can provide more information regarding the buyback?
Ola Elmeland, the Investor Relations Director, can be contacted for further information.
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