SOLNA, Sweden, June 6, 2002 (PRIMEZONE) -- On June 5, 2002, NCC acquired 1,000,000 of its Series B shares at an average price of SEK 73,50. The current holding of the Group's shares amounts to 4,474,589 Series B shares at an average price of SEK 73,61. The total number of NCC shares is 108,435,822. Following reduction for the repurchased shares, the number of shares totals 103,961,233.
The purpose of this share buy-back is to cover the options program which, during the years 1999 to 2001, involved the distribution of options corresponding to a total of 7,035,380 shares to approximately 160 senior executives within the NCC Group.
On April 3, 2002, NCC's Annual General Meeting authorized the Board of Directors to buy back a maximum of 10 percent of the total number of shares prior to the next Annual General Meeting. The latest buy-back of shares by NCC was in January 2001.
"We will gradually repurchase shares to cover the rolling options program. The program will be terminated as of this year and will be replaced by a bonus system that is linked to the Group's profitability and cash flow," says Bjorn Andersson, Chief Financial Officer.
For further information, contact: Bjorn Andersson, CFO, Tel: +46 8-585 52030/+46 70-627 6592 Annica Gerentz, IR Manager, Tel: +46 8-585 52346/+46 70-398 4209
All of NCC's press releases are available on www.ncc.se
NCC is one of the leading construction and property development companies in the Nordic region. NCC has annual sales of SEK 46 billion, with 25,000 employees.
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