Buyback program completed - repurchase of NCC Series B shares in week 46, 2022
During the period November 14 – November 18, 2022, NCC (LEI-code 213800WRGLW3CY4MHW53) repurchased a total of 369,068 own Series B shares (ISIN: SE0000117970) under the framework of the repurchase program that the Board have decided. The buyback program that was initiated on May 11, 2022 is hereby completed as the maximum numbers of shares have been repurchased, a total of 10,077,740 series B shares, for a total amount of approximately SEK 1 billion.
The repurchases are part of the repurchase program of a maximum of 10 percent of Series B shares for a total of not more than SEK 1.5 bn that NCC announced on April 27, 2022. The repurchase program extends from May 11, 2022 until the 2023 Annual General Meeting and is being carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 (“MAR”) and the Commission Delegated Regulation (EU) No 2016/1052 (the “Safe Harbour Regulation”).
NCC Series B shares were repurchased (in SEK) as follows:
|Date||Aggregated daily volume (no. of shares)||Weighted average price per day (SEK)||Total daily transaction value(SEK)|
All acquisitions were carried out on Nasdaq Stockholm by SEB on NCC AB’s behalf. Following the acquisitions above, NCC’s holdings of own shares as per November 18, 2022 amount to 10,843,582 Series B shares. The total number of NCC shares is 108,435,822.
Full details about the completed transactions in accordance with Article 5.3 of MAR and Article 2.3 of the Safe Harbour Regulation is enclosed with this press release.
For further information, please contact:
Charlotte Z. Lindstedt, Group Treasurer, NCC, +46 70 545 2054
Maria Grimberg, Head of Communication, NCC, +46 70 896 12 88
NCC’s media line: +46 8 585 519 00, firstname.lastname@example.org, NCC’s Media bank
About NCC. NCC is one of the leading construction companies in the Nordics. Based on its expertise in managing complex construction processes, NCC contributes to the positive impact of construction for its customers and society. Operations include commercial property development, building and infrastructure project contracting, and asphalt and stone materials production. In 2021, NCC had sales of about SEK 53 bn and 13,000 employees. NCC’s shares are listed on Nasdaq Stockholm.