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Green Landscaping initiates repurchase of own shares

The Board of Directors of Green Landscaping Group AB (publ) ("Green Landscaping") has, with support of the authorization from the Annual General Meeting on May 14, 2020, decided to activate the repurchase program of own shares. The purpose of the repurchase program is to be able to transfer shares in connection with any acquisitions through payment in part with the company's own shares.

The authorization gives the company the opportunity to repurchase a maximum of 10% of the outstanding shares.

The repurchases may further take place under the following conditions:
  • Share repurchases must take place on Nasdaq Stockholm and in accordance with the rules regarding purchase of own shares set out in the Nasdaq Stockholm Rules for Issuers.
  • The repurchases may be made during the period from 30 November 2020 to 19 May 2021.
  • Repurchases of shares on Nasdaq Stockholm may take place at a price per share within the quoted price range at any given time, which means the interval between the highest purchase price and the lowest selling price.
  • Shares for a maximum of SEK 30 million may be purchased.
  • Payment for the shares must be paid in cash.

At the time of this press release, the total number of shares and votes in Green Landscaping is 47 507 450, of which Green Landscaping holds 24 500 own shares. Completed acquisitions of treasury shares will be made public and notified in accordance with applicable laws and regulations and the Nasdaq Stockholm Rules for Issuers.

 

This information is such information Green Landscaping Group AB (publ) is required to disclose according to the EU Market Abuse Regulation. The information was submitted, through the above contact persons, for publication on 30 November 2020 at 12:10 CET.

Source: Cision
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