Share Buyback Programme 2024/2025
On 25 November 2024, SinterCast launched a new share buyback programme with an initial amount of up to SEK 5 million. Repurchases shall be made in advance of the SinterCast AGM 2025, to be held on 20 May 2025, in accordance with the following conditions:
- Share repurchases shall take place on Nasdaq Stockholm in accordance with the rules concerning the purchase of own shares set out in Nasdaq Stockholm rules for issuers by ABG Sundal Collier on behalf of SinterCast.
- Repurchases of shares on Nasdaq Stockholm shall take place at a price per share within the quoted price range registered at any given time, by which is meant the interval between the highest purchase price and the lowest selling price.
- The authorisation gives the company the opportunity to repurchase and hold a maximum of ten (10) percent of the outstanding shares in the company.
- Payment for the shares shall be made in cash.
- Repurchases may take place with a total maximum amount of SEK five (5) million.
- Completed acquisitions of treasury shares will be announced and notified in accordance with applicable laws and regulations and Nasdaq Stockholm rules for issuers.
Progress
You can follow the progress of the buyback programme on Nasdaq's website.
In compliance with relevant laws, regulations, and Nasdaq Stockholm's rules for issuers, SinterCast is not allowed to buy back its own shares in the 30 calendar days preceding the publication of an Interim Report.
As of 15 January 2024, a total of 20,331 SinterCast shares have been repurchased, amounting to approximately SEK 2.2 million.
Documents
The authorisation resolved by the AGM on 21 May 2024 can be found in full on the SinterCast website: https://www.sintercast.com/investor/financial-reports/press-releases/