STOCKHOLM, Oct. 20, 2023 /PRNewswire/ -- The Board of Directors of Boliden has, based on the authorization from the Annual General Meeting on 25 April 2023, resolved to repurchase a maximum of 40,000 treasury shares on Nasdaq Stockholm during the period 20 October 2023 up to and including 27 October for a total amount of maximum SEK 13.2 million. The purpose of the repurchase is to ensure future delivery of shares to the participants in Boliden's long-term share saving programme (LTIP 2023/2026) as resolved by the Annual General Meeting 2023.
The repurchase of shares will be carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the European Commission's Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation"). The repurchase of shares will be carried out by Skandinaviska Enskilda Banken AB (publ) ("SEB") which, based on the trading order given by Boliden to SEB, will make its own trading decisions regarding the timing of the repurchases independently of Boliden.
The repurchase now resolved by the Board of Directors shall fulfil the following terms and conditions:
The total number of shares in Boliden amounts to 273,511,169 shares. At the time of this press release, the company does not hold any treasury shares.
SOURCE Boliden