Saab utilizes repurchase authorization to hedge the company’s long-term incentive programme
The Saab Annual General Meeting 2014 resolved to authorize the Board of Directors to decide to repurchase the company’s own shares of series B in order to ensure delivery of shares to participants in Saab’s long-term Share Matching Plan and Performance Share Plan. Saab announces that the Board today has decided to utilize its authorization for this purpose.
Shares shall only be purchased on the NASDAQ OMX Stockholm at a price within the price range (spread) applicable from time to time, meaning the spread between the highest purchase price and the lowest selling price.
Acquisitions of share can be made as of 21 July 2014 until the Annual General Meeting 2015. However no acquisitions will be made during a 30-day period prior to the public release of interim results, including the date of the release.
Saab’s holding of own shares is 2,546,949 shares of series B as per 26 May 2014. The total number of outstanding shares in the company is 109,150,344. The maximum number of shares intended to be repurchased at this point is 1,340,000 shares of series B.
Saab serves the global market with world-leading products, services and solutions ranging from military defence to civil security. Saab has operations and employees on all continents and constantly develops, adopts and improves new technology to meet customers’ changing needs.
For further information, please contact:
Saab Press Centre, +46 (0)734 180 018, email@example.com
The information was submitted for publication on June 5, 2014 at 16.00 (CET).