Stockholm, 2014-12-19 15:25 CET (GLOBE NEWSWIRE) --
The board of directors of Seamless Distribution AB (“Seamless”) has resolved to begin repurchases of, additionally, 500,000 of the company’s own shares, 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. Following previous repurchases, Seamless currently holds 500,000 own shares.
Seamless has assigned Mangold 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. At 17 December 2014, the number of outstanding shares was 41,910,274. The purpose of the repurchases is in line with the decision by the annual general meeting.
For further information, please contact:
Daniel Hilmgård, CFO - daniel.hilmgard@seamless.se
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 December 19th, 2014 at 15:25
