The board of AB Novestra (publ) has resolved, pursuant to the authorisation granted by the Extraordinary General Meeting held on 8 February 2012, to acquire the company’s own shares. Acquisition of shares may only take place at a price within the price interval, on any occasion, recorded on NASDAQ OMX Stockholm, which refers to the interval between the highest buying price and the lowest selling price.
As of the date of this press release, the company does not hold any own shares. The outstanding number of shares in the company is 37,187,973. In the event of a fully executed share repurchase program, the company will own shares representing no more than ten per cent of the issued shares in the company.
Acquisitions of shares shall be executed in intervals until the Annual General Meeting 2012, and are subject to market conditions and regulations at any given time.
The purpose of the acquisitions of the company’s own shares is to provide additional flexibility in regard to the company’s possibilities to distribute capital to its shareholders and to promote capital efficiency, which altogether is deemed to have a positive impact on the company’s share price and thereby contribute to an increased shareholder value.
For further information please contact Johan Heijbel, Managing Director, AB Novestra, phone no. +46 8 545 017 50.
About AB Novestra
Novestra is an independent investment company with a portfolio of investments in a number of privately held growth companies including Diino Systems AB, Explorica, Inc., MyPublisher, Inc., and Strax Group GmbH. In addition, Novestra has an investment corresponding to approximately 6 percent of the shares in WeSC AB, listed on First North.
The Novestra shares are listed on NASDAQ OMX Stockholm, under the symbol NOVE, in the Small Cap section. For further information regarding AB Novestra, reference is made to www.novestra.com.
The information in this press release is such that AB Novestra is required to disclose pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instrument Trading Act and/or the NASDAQ OMX Stockholm rules. AB Novestra released the information for publication on February 13, 2012 at 18:30 (CET).
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