Adapteo completes the repurchases of own shares
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Adapteo Plc Regulatory Press release 05 June 2020 at 8:50 a.m. CEST
As communicated on 26 May 2020, the Board of Directors decided to utilise the authorisation given by the Annual General Meeting to repurchase some of Adapteo’s own shares.
The repurchases ended on 4 June 2020. During this period, Adapteo repurchased 51,000 shares, corresponding to about 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 were acquired through public trading on Nasdaq Stockholm at the market price prevailing at the time of repurchase.
Following the repurchases, the company holds 51,000 own shares.
For additional information, please contact
Erik Skånsberg, CFO, +46 70 264 70 35, erik.skansberg@adapteo.com
Adapteo in brief
Adapteo is a leading flexible real estate provider 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.