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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.
NCC has signed a lease with technology company Wolt, which is relocating its head office to Kulma21 in Helsinki. Wolt is leasing the entire property and will move in when the renovation work is completed in mid-2023.
NCC’s interim report for the first quarter of 2022 will be published on Thursday April 28, 2022. The report will be distributed and available on NCC’s website ncc.com/ir at about 7:10 a.m. CEST.
NCC is to remodel the former Liljanhuset property in Borlänge into a new university building on behalf of property owner Diös. The project is a turnkey contract in partnering form with an order value of just over SEK 400 million.
NCC has been commissioned by the Danish Ministry of Defence Estate Agency to construct a workshop and multi-purpose building with a sustainability focus at the Aalborg barracks in Jutland. The order value is approximately SEK 170 million.
NCC has been commissioned by Stockholmshem to construct 91 rental apartments in Västertorp, in south Stockholm. The project is a turnkey contract in partnering form with an order value of approximately SEK 180 million.
Today at the Annual General Meeting (AGM), the shareholders of NCC passed resolutions concerning inter alia the adoption of the income statement and the balance sheet, discharge from liability for the Board of Directors and the CEO, payment of a dividend, and authorization for the Board of Directors to repurchase and transfer own Series B shares.