Kindred has entered into an irrevocable agreement with Nordea Bank Abp ("Nordea") to conduct the share repurchases on its behalf. The acquisition of shares shall take place on Nasdaq Stockholm or other regulated markets and Nordea will make 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") 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/SDRs.
At the time of this announcement, the total number of outstanding shares/SDRs in the company is 230,126,200 and Kindred's holding of own shares/SDRs is 2,834,839.
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 23-07-202111:30 CET.
For more information:
Patrick Kortman, Head of Corporate Development & Investor Relations, [email protected], +46 723 877 438
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
209 - 215 Blackfriars Road
LONDON United Kingdom