The Board of Tebede AB, reg. no 559309-8790 (“Tebede”) has resolved to repurchase a maximum of 1,381,729 own ordinary shares of series A for a total maximum amount of SEK 125,000,000. The resolution is made by virtue of the authorization granted by the Extraordinary General Meeting held on 22 December 2023 to repurchase own shares.
The purposes of the repurchase program are hence to give the Company flexibility regarding its equity and thereby optimize the capital structure of the Company. The repurchase program will be carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 (“MAR”) and the Commission Delegated Regulation (EU) No 2016/1052 (the “Safe Harbour Regulation”). The repurchase program will be managed by Carnegie Investment Bank AB (publ) (“Carnegie”) that, based on the trading order given by Tebede to Carnegie, makes its trading decisions regarding timing of the acquisitions independently of Tebede.
The repurchase program resolved by the Board is subject to the following terms:
The total number of shares in Tebede as of the date of this notice amounts to 13,817,291, of which 11,817,291 consist of shares of series A and 2,000,000 consist of shares of series B. Tebede does not own any shares in Tebede as of this date.
For more information, please contact:
Anders Lönnqvist, CEO Tebede AB (publ)
+46 70 566 62 18
anders.lonnqvist@tebede.se