AVTECH Sweden AB (publ) announces that several Board members and major shareholders have increased their holdings in the Company through the acquisition of a total of 300,000 Class A shares.
Chairman of the Board Ingvar Zöögling and Board member Martin Lagerqvist have acquired a total of 160,000 Class A shares. In addition, Board member Per Jensen has acquired 20,000 Class A shares, thereby becoming a new shareholder in AVTECH.
At the same time, existing shareholders Rune Johansson, Markus Fehrling, Niklas Fehrling and Tomas Fehrling have acquired a combined total of 120,000 Class A shares.
The shares were acquired in an off-market transaction at a price of SEK 4.28 per share.
The acquisitions reflect the continued commitment of both the Board and the Company's major shareholders and demonstrate their long-term confidence in AVTECH’s operations, strategic direction and future growth prospects.
"It is encouraging to see both the Board and our long-term shareholders increase their ownership in AVTECH. This underlines the strong confidence in the Company and its future development," says Ingvar Zöögling, Chairman of the Board of AVTECH.