Bilia AB
Bilia AB
- ISIN: SE0000102295
- Land: .
Nachricht vom 21.05.2012 | 08:45
Buy-back of Bilia shares
Bilia AB
21.05.2012 08:45
Dissemination of a Adhoc News, transmitted by DGAP - a company of
EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Gothenburg, Sweden, 2012-05-21 08:45 CEST (GLOBE NEWSWIRE) --
Bilia AB's board of directors has decided in accordance with the AGM's
authorisation to intiate a share buy-back programme. The authorisation given at
the AGM on 4 May 2012 is valid up to the time of the AGM next year and allows
for a maximum buy-back of 10 per cent of the shares outstanding.
At the time of initiating the buy-back, Bilia AB owns no shares of its own. The
outstanding number of shares are 25,103,062.
The buy-back will take place on separate occasions and is dependent on market
conditions and current rules at each specific time. The acquisitions, maximum
10 per cent of the shares in
Bilia AB, can take place during the time up to Bilia's AGM 2012. The buy-back
will be made on
the Nasdaq OMX Stockholm Exchange and the price paid will correspond to the
market value registered at each occasion.
The purpose of the buy back is to achieve an adaptation of Bilia's capital
structure and if the opportunity is given to use shares as payment at any
future acquisition.
Gothenburg, 21 May 2012
Bilia AB (publ)
For further information, please contact CEO Per Avander or CFO Gunnar
Blomkvist, Bilia AB,
tel +46 31 709 55 00.
News Source: NASDAQ OMX
21.05.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Bilia AB
Sweden
Phone:
Fax:
E-mail:
Internet:
ISIN: SE0000102295
WKN:
End of Announcement DGAP News-Service
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