Solid Försäkringsaktiebolag (OM:SFAB) commences an Equity Buyback Plan for 964,176 shares, representing 5% of its issued share capital, under the authorization approved on April 26, 2023.

Solid Försäkringsaktiebolag (publ) (OM:SFAB) commences share repurchases on May 15, 2023, under the program mandated by shareholders in the Annual General Meeting held on April 26, 2023. As per the mandate, the company is authorized to repurchase up to 964,176 shares, representing 5% of issued share capital. The shares must be repurchased such that company's holding of own shares does not exceed 5%.The price to be paid for repurchase should be the span between the highest price paid and the lowest selling price.

The purpose of the program is to transfer shares in LTIP 2023 and to continuously adapt and improve the company?s capital structure and thereby create additional value for the shareholders. The authorization will be valid till Annual General Meeting of 2024. As of March 21, 2023, the company had 20,000,000 issued shares including 716,478 treasury shares.