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During the period May 16 – May 20, 2022, NCC (LEI-code 213800WRGLW3CY4MHW53) repurchased a total of 421 752 own Series B shares (ISIN: SE0000117970) under the framework of the repurchase program that the Board have decided.
NCC has been commissioned by the city of Mikkeli to build the Saimaanportti school in Finland. The project is a turnkey contract, and the order value is approximately SEK 270 million.
NCC and Region Västmanland are commencing the next step in their cooperation to construct a new emergency hospital in Västerås in partnering form. The parties have now agreed to conduct detailed project planning. The order value is approximately SEK 250 million.
During the period May 11 – May 13, 2022, NCC (LEI-code 213800WRGLW3CY4MHW53) repurchased a total of 264,980 own Series B shares (ISIN: SE0000117970) under the framework of the repurchase program that the Board have decided.
As previously announced, NCC’s Board of Directors has approved a repurchase program of own Series B shares. The program is now being initiated with the aim of adapting NCC’s capital structure to the company’s capital requirements.
Grete Aspelund will become the new Head of the NCC Industry business area. Grete Aspelund is currently President of Sweco Norway and will assume her new role no later than November 1, 2022. Ylva Lagesson, who has been Head of the business area since November 2020, has chosen to return to a more operational role as Head of the Asphalt Division. She will remain in her current position until Grete Aspelund joins the Group.
Healthy orders received and earnings trend.
The Board of Directors of NCC AB has decided to exercise the authorization granted by the 2022 Annual General Meeting to repurchase own Series B shares for the purpose of adapting NCC’s capital structure to the company’s capital requirements. The Board of Directors has also adjusted the dividend policy, so that approximately 60 percent of after-tax profit for the year is to be distributed to shareholders.
NCC has signed an agreement with the Foundation for Student Life (SiO) for the construction of 209 student housing units in Oslo. The project will commence in May and is expected to be completed during the autumn 2024.
In collaboration with Kustbostäder, NCC will construct a new building with premises for trade and service as well as rental apartments in central Oxelösund. Construction contracts are signed and construction will start in May. The order value amounts to approximately SEK 165 million.