The Board of Troax Group AB (publ) has decided to exercise the authorization to repurchase shares
Hillerstorp September 12[th], 2023 at 17:35 CET
The Board of Troax Group AB (publ) ("Troax") has, with the support of the authorization from the Annual General Meeting on April 26th, 2023, decided to repurchase own shares on Nasdaq Stockholm. The purpose of the repurchase is to secure Troax's commitments to deliver shares in accordance with the Troax call option program.
The repurchase of shares may begin on September 13th and will be made on Nasdaq Stockholm in accordance with the Market Abuse Regulation (EU) 596/2014 ("MAR") and the Commission's Delegated Regulation (EU) 2016/1052 ("Safe Harbor Regulation") as well as Nasdaq Stockholm's Regulations for issuers. The repurchases will take place on one or more occasions until the Annual General Meeting 2024 and at a price per share within the quoted price range at each time. Repurchases may be made of a maximum of 100 000 shares which therefore cannot result in Troax Group AB's holding of own shares exceeding 10 percent of the total number of shares in the company. The repurchases will be managed by an independent party that makes its trading decisions independently of Troax as to the times when repurchases occur. Payment of the shares will be made in cash. Completed repurchases of own shares will be published and notified in accordance with applicable laws and regulations as well as Nasdaq Stockholm's Rules for issuers.
At the time of this press release, the total number of registered shares in the company amounts to 60,000,000 and Troax's own holdings amount to 54,668 shares.
Troax publishes this information in accordance with Nasdaq Stockholm's Rules for Issuers.
For further information, please contact:
President and CEO
Phone +46 (0)370-828 31
This information is information that Troax Group AB (publ) is obliged to make public according to the EU's market abuse regulation. The information was submitted, through the care of the above contact persons, for publication on September 12th, 2023, at 17.35 CET.