The Board of Directors of Peab AB (publ) has, through the authorization given by the Annual General Meeting (AGM) on May 4, 2023, decided to repurchase its own shares.
The shares will be repurchased, on one or several occasions, until the AGM 2024.
According to the Board's decision, repurchases during the period may amount to a maximum of SEK 500 million and means that the holding of own shares may not exceed ten percent of the total number of outstanding shares in the company.
The shares may only be repurchased at a price per share within the price interval registered at any given time on Nasdaq Stockholm, meaning the interval between the current highest buy price and the lowest sell price published by Nasdaq Stockholm.
The number of shares in Peab as of March 31, 2023 amounted to 296,049,730, of which Peab's holding of own shares amounted to 8,597,984 B shares.
The aim of the repurchasing is to improve the company's capital structure.