The Board of Directors of Eolus has resolved to exercise its authorisation to repurchase own shares
The Board of Directors of Eolus Vind Aktiebolag (publ) (“Eolus”) has resolved, pursuant to the authorisation granted by the annual general meeting held on 16 May 2024, to repurchase own shares on Nasdaq Stockholm. The purpose of the repurchase is to secure future delivery of shares to the participants of Eolus’ long-term share savings program which was resolved by the 2024 annual general meeting and to cover the cash flow effects associated with the program, primarily social security charges.
The repurchase may commence on 29 August 2024 and will be administered by Carnegie Investment Bank AB, which will take trading decisions independently of Eolus with regard to the timing of the repurchases. However, no acquisitions will be made during a 30-day period prior to the announcement of a financial report.
A maximum of 18,000 series B shares may be acquired on one or several occasions prior to 15 May 2025. Repurchase shall be made on Nasdaq Stockholm in accordance with the Nordic Main Market Rulebook for Issuers of Shares. The repurchases will be made at a price within the prevailing price interval on Nasdaq Stockholm applicable from time to time (i.e. in the interval between the highest purchase price and the lowest selling price). Acquisitions may also be made by way of block trades in accordance with applicable rules. Payment for the shares will be made in cash. Reporting will take place through the stock exchange in accordance with applicable rules.
The total number of shares in Eolus amounts to 24,907,000, of which 1,284,625 shares are series A shares and 23,622,375 shares are series B shares. At the time of this press release, the company does not hold any own shares. In the event of a fully executed share repurchase, the company will hold shares representing approximately 0.07 per cent of the issued shares in the company.