Projektengagemang Sweden AB (OM:PENG B) commences an Equity Buyback for 965,200 shares, representing 3.93% of its issued share capital, under the authorization approved on May 5, 2021.

Projektengagemang Sweden AB (publ) (OM:PENG B) commences share repurchases on March 30, 2022, under the program mandated by the shareholders in the Annual General Meeting held on May 5, 2021. As per the mandate, the company is authorized to repurchase up to 965,200 Class B shares, representing 3.93% of its issued share capital. The shares will be repurchased within the registered price interval, whereby the interval is between the current applicable highest bid price and the lowest selling price.

The purpose of the program is to enable the implementation of the Share Savings Scheme 2019, 2020 and 2021, and to transfer Class B shares on Nasdaq Stockholm to cover costs (including social security costs). The program will be valid till the next Annual General Meeting in 2022. As at March 30, 2021, the company had 24,555,677 issued shares out of which 5,326,824 Class A shares and 19,228,853 Class B shares and had no shares in treasury.