Stillfront Group AB (publ) (”Stillfront”) has today completed the repurchases of own shares announced on 25 April 2024. In total, 5,273,840 own shares have been acquired on Nasdaq Stockholm between 25 April and 14 May 2024 for an aggregated amount of approximately SEK 60 million.
The purpose of the repurchases is to enable payment with the company’s own shares of certain earn-out payments relating to previous acquisitions.
Following the repurchases, Stillfront’s holding of own shares amount to 5,273,840. The total number of shares in Stillfront is 517,968,480.
Provided that the Board receives an authorization from the 2024 Annual General Meeting to be held on 14 May 2024 and that the Board deems it beneficial, the Board intends to utilize such authorization for additional repurchases to enable payment with the company’s own shares of certain earn-out considerations relating to previous acquisitions up to a total aggregate number of shares of approximately 15.1 million.
