Attendo AB (OM:ATT) commences an Equity Buyback Plan for 14,726,917 shares, representing 9.2% of its issued share capital, under the authorization approved on April 24, 2024.
May 07, 2024 at 02:30 am EDT
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Attendo AB (publ) (OM:ATT) commences share repurchases on April 29, 2024, under the program mandated by the shareholders in the Annual General Meeting held on April 24, 2024. As per the mandate, the company is authorized to repurchase up to 14,726,917 shares, representing 9.2% of its issued shares, such that company?s holding at any time does not exceeds 10% of the total number of shares in the company. The shares shall be acquired on Nasdaq Stockholm and only at a price per share within the applicable price range, i.e. the range between the highest purchase price and the lowest selling price. The purpose of the authorization to repurchase shares is to promote efficient capital usage in the company and to provide flexibility as regards the company?s possibilities to distribute capital to its shareholders and to transfer own shares is to enable the Board to make corporate acquisitions, enter into collaboration agreements or raise working capital. The share repurchases will be made on one or more occasions until the end of the company?s Annual General Meeting 2025. As of March 14, 2024, the company had 160,103,190 shares in issue (excluding treasury) and had 1,283,402 shares in treasury as of March 12, 2024.
On April 24, 2024, the company announced a share repurchase program. Under the program, the company will repurchase up to SEK 110 million worth of its shares. The program begins on April 29, 2024 and continues up to and including July 18, 2024.
Attendo AB (publ) is a Sweden-based company, which is primarily active within care services industry. The Company offers a variety of services, such as care for older people, people with disabilities, individuals and family care. In nursing homes, clients live in their own apartments with access to common areas such as a dining hall, living room, garden and patios. Daily activities are planned by the client together with their contact person and the responsible nurse. Attendo Ab (publ) operates group housing for adults, homes for children with special needs and short-term housing for adults and children. The Company offers individual and family care that covers the social service needs, such as consultant-supported family home care, crisis and emergency housing, dependency care, neuropsychiatry for young people and various forms of support housing.
Attendo AB (OM: ATT) commences an Equity Buyback Plan for 14,726,917 shares, representing 9.2% of its issued share capital, under the authorization approved on April 24, 2024.
ATTENDO AB 
