Atlas Copco initiates repurchase and sale of own shares
- 14 June 2008
- Company & Industry News
The AGM authorized the Board to decide on the purchase and sale of the company's own shares in order to be able to continuously adapt the capital structure of the company and to give the possibility to transfer shares to the employees and to secure the costs, including social security payments, in connection with the personnel option programs for 2008 and 2006 and with the allocation of synthetic shares as part of the remuneration to the Board members.
The mandates, which are granted until the next AGM, gives the Board authority to decide, on one or more occasions, on the purchase and sale of shares. The shares may only be purchased or sold on the Stockholm Stock Exchange and only be purchased or sold at a price per share within the registered interval at any given point in time. The purchase of shares may be made by maximum the number of series A shares or series B shares or a combination of those that the company's possession of shares after each purchase does not exceed 10% of the total number of the shares issues by the company.
The company has issued in total 1,229,613,104 shares of which 839,394,096 are series A shares, of which the company holds 6,400,000, and 390,219,008 are series B shares, of which the company holds 2,428,400.
Anders Ullberg, Ulla Litzén and Sune Carlsson will form a Board committee to provide support to Group Management in the implementation of this decision.