Peab AB (publ) has between May 20, 2022 and November 18, 2022 repurchased 7,511,000 B shares for around SEK 500 million. Repurchasing has taken place after a decision by the Board, supported by authorization from the Annual General Meeting on May 5, 2022.
The shares were repurchased on Nasdaq Stockholm according to the Nordic Main Market Rulebook for Issuers of Shares – Nasdaq Stockholm (Supplement D), EU Parliament’s and Council’s EU regulation nr. 596/2014 on market abuse (MAR).
The aim of the repurchasing was to improve the company's capital structure. One of Group targets, net debt/equity ratio, is that net debt in relation to equity according to segment accounting should be in the interval 0.3 - 0.7. As of September 30, 2022 the net debt/equity ratio was 0.4.
After the above acquisitions Peab’s holding of own shares was 8,597,984 B shares. The total number of shares in Peab was 296,049,730, of which 34,319,957 are A shares and 261,729,773 are B shares.