The Board of Directors of Investment AB Latour (publ) has decided to exercise the authorization to repurchase own class B shares
The Board of Directors of Investment AB Latour (publ) has decided, pursuant to the authorization granted by the Annual General Meeting held on May 14, 2024, to acquire own shares on Nasdaq Stockholm. The purpose of the acquisition is to ensure Latour's commitments to deliver shares in accordance with Latour's call option program.
The repurchase may commence on September 4 2024 and will be administrated by Skandinaviska Enskilda Banken AB (publ).
Share repurchases will be carried out on Nasdaq Stockholm in accordance Nordic Main Market Rulebook for Issuers of Shares. According to the Board's decision, repurchases will take place through block transactions or on several individual occasions until 30 September 2024 and at a price per share within the price interval registered at any given time, by which is meant the interval between the highest purchase price and the lowest selling price. Repurchases may be made of a maximum of 100,000 class B shares, which therefore cannot result in Latour's holding of own shares exceeding 10 per cent of the total number of shares in the company. Payment of the shares will be made in cash. Completed acquisitions of repurchased shares will be announced and notified in accordance with applicable laws and regulations and Nordic Main Market Rulebook for Issuers of Shares.
At the time of this press release, the total number of registered shares in the company amounts to 639,840,000 and Latour's holding amounts to 421,750 class B shares.
Göteborg, September 3, 2024
INVESTMENT AB LATOUR (PUBL)
Johan Hjertonsson, CEO
For further information, please contact:
Johan Hjertonsson, President and CEO Latour, +46(0) 702 29 77 93
Anders Mörck, CFO Latour, +46(0) 706 46 52 11
Investment AB Latour is a mixed investment company consisting primarily of a wholly-owned industrial operations and an investment portfolio of listing holdings in which Latour is the principal owner or one of the principal owners. The investment portfolio consists of ten substantial holdings with a market value of about SEK 89 billion. The wholly-owned industrial operations has an annual turnover of about SEK 25 billion.
