NCC’s Board of Directors has decided to purchase own Series B shares
Pursuant to its mandate from the Annual General Meeting held on April 1, 2020, the Board of Directors of NCC AB (publ) has decided to purchase own Series B shares.
The reason for the Board of Directors’ decision to utilize the mandate concerning the purchase of own shares is to secure the company’s obligations relating to delivery and to cover costs due to NCC’s outstanding long-term performance-based incentive programs and LTI 2020.
The repurchases are subject to the following terms and conditions.
- Acquisitions may be conducted on one or more occasions until the Annual General Meeting 2021.
- A combined maximum of 234,000 Series B shares may be acquired.
- Acquisitions of Series B shares are to be conducted on Nasdaq Stockholm and at a price per share that is within the registered span of share prices at the particular time (the spread), i.e. the span between the highest price paid and the lowest asked.
Reporting will be made to Nasdaq Stockholm in accordance with applicable rules. Acquired own shares can be delivered to the participants in LTI 2020 in accordance with the terms and conditions resolved at the Annual General Meeting.
At the date of issue of this press release, the total number of NCC shares was 108,435,822, of which 13,119,530 were Series A shares and 95,316,292 Series B shares. NCC AB holds 530,267 Series B treasury shares.
About NCC. Our vision is to renew our industry and provide superior sustainable solutions. NCC is one of the leading companies in the Nordics within construction, infrastructure and property development, with sales of SEK 58 billion and 15,500 employees in 2019. The NCC share is listed on Nasdaq Stockholm.