Knowit AB’s (publ) Board of Directors has resolved to buy back own sharesPublished 27 Oct 2023
The Board of Directors of Knowit AB (publ) (“Knowit” or the “Company”) has, utilizing the authorization from the annual general meeting 3 May 2023, resolved to buy back own shares on Nasdaq Stockholm. The buy-backs may be carried out, on one or more occasions, until the annual general meeting 2024. The purpose of the buy-backs is to secure the Company’s undertakings and costs relating to the long-term share-based incentive program (LTIP 2023) for members of the corporate management team and certain other key persons in the Knowit group.
Acquisitions of shares shall be made on Nasdaq Stockholm and be made at a price per share that is within the price range applicable from time to time, i.e. the range between the highest purchase price and the lowest selling price, and by observing the rules included in the Nordic Main Market Rulebook for Issuers of Shares. In the event that the acquisitions are effected by a stock broker as assigned by the Company, the share price may, however, correspond to the volume weighted average price during the time period within which the shares were acquired, even if the volume weighted average price on the day of delivery to the Company falls outside the price range. Payment for the shares shall be made in cash.
No more than 60,000 shares may be repurchased, which results in that Knowit’s holding of own shares never exceed ten percent of all shares in the Company.
The total number of shares and votes in the Company as of the date of this press release is 27,408,600. The Company holds no own shares.