Adapteo Plc Regulatory Press release 26 May 2020 at 4:00 p.m. CEST
The Board of Directors of Adapteo plc has decided to utilize the current authorization given by the Annual General Meeting (AGM) to repurchase own shares.
The repurchase will start at the earliest on 27 May 2020 and end no later than 15 June 2020. The number of shares to be acquired shall not exceed 51 000 shares, corresponding to approximately 0.1 per cent of the total number of shares and votes.
The repurchased shares will be used for honoring share-based incentive programs for employees of the company. The shares shall be acquired through public trading on Nasdaq Stockholm at the market price prevailing at the time of repurchase.
Adapteo is a leading flexible real estate company in Northern Europe. We build, rent out and sell adaptable buildings for schools, daycare centres, care, offices, accommodation and events. We know that our society will go through an immense change in the years to come. Whatever the future brings, we believe that adaptability is the best solution. With our buildings, we can transform, repurpose, scale up and scale down in a matter of weeks by using a modular and circular building concept. Our buildings can be used for a few days or indefinitely, always optimised for current needs. That is how we build adaptable societies.
Adapteo is listed on Nasdaq Stockholm and operates in Sweden, Finland, Norway, Denmark and Germany. In 2019, Adapteo’s Net sales were EUR 216 million.