The Board of Directors of Bufab has resolved to utilise its authorisation to repurchase own shares
May 27, 2024 at 02:55 am
Share
The Board of Directors of Bufab AB (publ) (“Bufab”) has resolved, pursuant to the authorisation granted by the annual general meeting held on April 25, 2024, to repurchase the company’s own shares on Nasdaq Stockholm. The purpose of the repurchase is to hedge Bufab’s future delivery of shares to the participants of Bufab’s long-term call option program which was resolved by the 2024 annual general meeting.
The repurchase may commence on May 27, 2024 and will be administered by Svenska Handelsbanken AB, which will take trading decisions independently of Bufab with regard to the time and price at which the repurchase takes place. However, no acquisitions will be made during a 30-day period prior to the announcement of a financial report.
Purchases may comprise a maximum of 45,300 shares and may take place on one or several occasions prior to the 2025 annual general meeting. Repurchase shall be made on Nasdaq Stockholm in accordance with the Nordic Main Market Rulebook for Issuers of Shares. The repurchases will be made at a price within the registered price interval at any given time, which refers to the interval between the highest buying price and the lowest selling price. Payment for the shares will be made in cash. Reporting will take place through the stock exchange in accordance with applicable rules.
The total number of shares in Bufab is 38,110,533 and at the time of this press release the company holds 213 449 own shares. In the event of a fully executed share repurchase, the company will hold 258,749 own shares representing approximately 0.7 percent of the total number of shares in the company.
Bufab AB (publ) is a Sweden-based company engaged in the supply of fasteners and small parts to industrial segments, and provision of logistics and purchasing services. The Company purchases, develops, manufactures and distributes components such as C-parts, standard fasteners, magnets, magnet systems, and other standard and drawing-specific parts in metal, plastic, rubber, stainless steel, metal powder, wire and fabric. It serves a variety of industries, such as telecommunication, automotive, furniture, offshore, engineering, industrial construction, agriculture, aerospace and railway. The Company operates through subsidiaries in Sweden, Norway, Finland, France, Germany, China, Taiwan, Austria, Poland, the United Kingdom and the Netherlands, among others. Also, it operates Kian Soon Mechanical Components Pte Ltd in Singapore.
BUFAB AB 
