Peab’s Annual General Meeting voted on May 6, 2020 to authorize the Board until the next AGM to decide to use assets which may be used in allocating profits on one or more occasions to acquire shares in Peab such that after such acquisition Peab owns at the most 10 percent of the total registered shares in Peab.
The shares will be repurchased at their price on the exchange at the time of repurchase.
The purpose of the repurchase is to use the shares as payment in connection with the acquisition of small and medium-size companies in Peab’s home markets. The repurchase of the shares will take the Group’s financial targets into consideration.
No repurchase/sale of own shares since 2011.