Resolution to acquire own shares in Synsam to secure delivery of shares under LTIP 2023

Today, the board of directors of Synsam AB (publ) ("Synsam" or the "Company") has, by exercise of the authorization provided by the annual general meeting held on 25 April 2023, resolved to acquire own shares in order to secure delivery of shares to participants in the Company's long-term incentive program LTIP 2023.

According to the board of directors' resolution, own shares may be acquired at one or more occasions during the period 20 November 2023 until and including 31 March 2024. No acquisitions shall however be made during 30 calendar days before publication of an interim or year-end report (so-called closed period). Not more than 1,455,000 own shares may be acquired in total. Acquisitions of own shares shall be made over Nasdaq Stockholm and in accordance with Nasdaq Stockholm's rulebook for issuers (Nordic Main Market Rulebook for Issuers of Shares) and may only be made at a price within the range between the highest bid price and lowest ask price at any given time. Acquisitions will be executed by an investment firm or credit institution on behalf of the Company. Payment for acquired shares shall be made in cash.

In accordance with the resolution to establish LTIP 2023 that was made by the 2023 annual general meeting, not more than 1,455,000 Synsam shares may be transferred to participants in LTIP 2023, and transfers shall be made without consideration at such point in time, and otherwise in accordance with the terms and conditions, as is set out in the terms and conditions for LTIP 2023.

The total number of outstanding shares in Synsam currently amount to 150,000,000, and the Company currently holds 945,000 own shares.

For further information, please contact:
Per Hedblom, CFO Synsam Group
E-mail: [email protected]
Telephone: +46 8-619 28 60
Website: www.synsamgroup.com

Synsam Group is a leading optician group in the Nordic region, with a differentiated and affordable subscription offering. Synsam Group offers a wide range of products and services for eye health and eye fashion, catering to the customer's different lifestyles and needs. The group has approximately 4,000 employees, net sales of more than SEK 5.5 billion (rolling twelve months until September 2023) and has approximately 500 stores in the Nordics, operating under the brands Synsam, Synsam Recycling Outlet and Profil Optik in Denmark. Through digitalization, subscription services and other innovative concepts, Synsam Group is at the forefront of innovation in the Nordic optical retail market across multiple dimensions including customer journey, product offering and ESG. Synsam Group’s share is traded on Nasdaq Stockholm (SYNSAM). www.synsamgroup.com