Kindred Group utilises authorisation to repurchase own shares

The acquisition of shares shall take place on Nasdaq Stockholm or other regulated markets and shall be managed by an investment firm or a credit institution which makes its trading decisions in relation to Kindred's shares independently of, and without influence by, Kindred in accordance with the Maltese Companies Act, EU Market Abuse Regulation No 596/2014 ("MAR"), the EU Commission's delegated Regulation No 2016/1052 (the "Safe Harbour Regulation") and the applicable rules of Nasdaq's Nordic Main Market Rulebook for Issuers of Shares.

The buy-back programme decided by the Board of Directors shall meet the following terms:

Following repurchase, the intention of the Board  is to cancel the repurchased shares. The cancellation of shares requires approval by the annual general meeting and the Board of Directors intends to seek such approval at the annual general meeting in May 2021.

At the time of this announcement, the total number of outstanding shares in the company is  230,126,200 and Kindred's holding of own shares is 2,971,358.

This disclosure contains information that Kindred Group is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 26-02-202117:30 CET.

CONTACT:

For more information:

Patrick Kortman, Head of Corporate Development & Investor Relations, +46 723 877 438

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https://news.cision.com/kindred-group/r/kindred-group-utilises-authorisation-to-repurchase-own-shares,c3296896

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