Pursuant to its mandate from the Annual General Meeting held on May 7, 2020, the Board of Directors of MIPS AB (publ) has decided to repurchase own shares.
The reason for the mandate to repurchase own shares, and the Board of Directors’ decision to utilize this mandate, is to ensure the delivery of shares in connection with MIPS' outstanding long-term performance share plan, LTIP 2020. The repurchase of own shares will be conducted in accordance with the Nordic Main Market Rulebook for Issuers of Shares.
The repurchases will be conducted in accordance with the following conditions.
Reporting will be made to Nasdaq Stockholm in accordance with applicable rules.
At the date of issue of this press release, the total number of MIPS shares was 26,183,620. MIPS does not hold any own shares at the time of this press release.