Atlas Copco utilizes mandates for repurchase and sale of own shares
- 07 March 2010
- Financial News
Stockholm, Sweden, February 2, 2010: The Board of Atlas Copco AB today reconfirmed its decision to use the mandates granted by the Annual General Meeting for the repurchase and sale of shares at one or more occasions until the next AGM.
The mandates cover repurchase of not more than 5 570 000 series A shares and the sale of not more than 1 445 000 series B shares on NASDAQ OMX Stockholm. Purchase and sale of shares can only be made at a price per share that falls within the registered price range at each given time.
The purpose of repurchasing is to be able to fulfill the obligations under the Performance Stock Option plan 2009 and the part of the board fee relating to synthetic shares. The purpose of selling is to fulfill obligations under the Performance Stock Option Plans 2006 and 2007.
Repurchases and sales are subject to market conditions, regulatory restrictions and the capital situation at any given time.
The number of issued shares is presently 1 229 613 104, whereof 839 394 096 series A shares and 390 219 008 series B shares. The company holds 11 275 000 series A shares and 2 428 400 series B shares.