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2022-04-25

Epiroc to utilize mandates to repurchase and sell shares

Stockholm, Sweden: The Board of Epiroc AB has decided to use the mandates granted by the Annual General Meeting today for the repurchase and sale of shares at one or more occasions until the next Annual General Meeting.

The mandates cover:

1) The acquisition of not more than 1,800,000 series A shares, whereof a maximum of 1,700,000 may be transferred to option holders under the performance-based personnel option plan 2022.
2) The acquisition of not more than 20,000 series A shares, later to be sold on the market in connection with payment to Board members who have opted to receive synthetic shares as part of their remuneration.
3) The sale of not more than 60,000 series A shares to cover costs related to previously issued synthetic shares to Board members.
4) The sale of a maximum 5,000,000 series A shares currently held by the company, for the purpose of covering costs of fulfilling obligations related to the performance-based personnel option plans 2016, 2017, 2018 and 2019.

Repurchases and sales are subject to market conditions, regulatory restrictions and the capital structure at any given time.

The number of issued shares is presently 1,213,738,703 whereof 823,765,854 series A shares and 389,972,849 series B shares.

For more information please contact:
Mattias Olsson, SVP Corporate Communications
+46 72 729 8295 
ir@epiroc.com
Ola Kinnander, Media Relations Manager
+46 70 347 2455
media@epiroc.com

Epiroc is a vital part of a sustainable society and a global productivity partner for mining and infrastructure customers. With ground-breaking technology, Epiroc develops and provides innovative and safe equipment, such as drill rigs, rock excavation and construction equipment and tools for surface and underground applications. The company also offers world-class service and other aftermarket support as well as solutions for automation, digitalization and electrification. Epiroc is based in Stockholm, Sweden, had revenues of SEK 40 billion in 2021, and has more than 15 500 passionate employees supporting and collaborating with customers in more than 150 countries. Learn more at www.epirocgroup.com.

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