Stockholm, 2014-10-17 14:16 CEST (GLOBE NEWSWIRE) --
The board of directors of Seamless Distribution AB (“Seamless”) has resolved, within the framework of the authorisation from the annual general meeting on 8 April 2014 to repurchase up to a maximum of 10 percent of the company’s own shares, to begin repurchases of, initially, 500,000 of the company’s own shares. The repurchases are intended to commence after the presentation of Seamless’s Interim Report for the third quarter 2014 at a time that the board of directors deems appropriate and favourable.
Seamless has assigned Remium to carry out the repurchases in instalments, subject to market conditions and applicable regulations. These are, amongst other things, that the number of shares repurchased on any given day cannot amount to more than 25 percent of the average daily volume during the four calendar weeks immediately preceding the week during which shares are repurchased and that shares may only be repurchased at prices which are within the range between the highest bid price and the lowest offer price. The authorisation is valid until the next annual general meeting. At 17 October 2014, the number of outstanding shares was 41,910,274. Seamless does not hold any of the company’s own shares. The purpose of the repurchases is in line with the decision by the annual general meeting.
For further information, please contact:
Mikael Malmquist, Investor Relations
mikael.malmquist@seamless.se
This information is such information that Seamless Distribution AB (publ) is required to disclose pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instrument Trading Act. The information was released for publication on October 17th, 2014 at 14.15 (CET).
