Bli medlem
Bli medlem

Du är här

2014-07-16

Intrum Justitia AB: Intrum Justitia repurchases own shares

On July 16, 2014, the Board of Directors of Intrum Justitia AB (publ)
resolved to initiate a share repurchase program. The purpose of the
program is to reduce Intrum Justitia's share capital by cancelling
the shares that are repurchased. Through the program, Intrum Justitia
will return further funds to shareholders and it is the assessment of
the Board of Directors that this will give the company a more optimal
capital structure.

Intrum Justitia's Annual General Meeting of April 23, 2014 authorized
the Board of Directors to resolve on repurchase of own shares. The
Board of Directors has exercised this authorization and intends to
conduct share repurchases between July 18, 2014 and September 22,
2014.

The program is being carried out in accordance with the European
Commission's ordinance (EC) No. 2273/2003 of December 22, 2003 (the
EC ordinance) and will be managed by a securities company or credit
institution that makes its trading decisions regarding Intrum
Justitia's shares independently and uninfluenced by Intrum Justitia.
Any additional repurchases through block transactions will not be
made in accordance with the exemption in the EC ordinance and will be
managed by a securities company or credit institution in consultation
with Intrum Justitia.

The repurchases of the company's own shares will meet the following
terms:

1. Repurchases of shares are to be made on the NASDAQ OMX Stockholm
Exchange and in accordance with NASDAQ OMX Stockholm's regulations
for issuers and in accordance with the EC ordinance.

2. Repurchases of shares on the NASDAQ OMX Stockholm Exchange shall
be made at a per-share price within the registered interval for the
going rate at any given time, which denotes the interval between the
highest and lowest selling price.

3. A maximum of 7,736,094 shares may be repurchased, corresponding to
10 percent of shares in the company.

4. Repurchases for a maximum of SEK 250 million may be made.
5. Payment for the shares is to be made in cash.
Intrum Justitia currently holds 760 924 own shares. The Board of
Directors intends to propose to the 2015 Annual General Meeting that
the share capital in the company be reduced by cancelling the
repurchased shares. For further information, please contact:

Erik Forsberg, CFO Tel: +46 8 546 102 02

Intrum Justitia is Europe's leading Credit Management Services (CMS)
group, offering comprehensive services, including purchase of
receivables, designed to measurably improve clients' cash flows and
long-term profitability. Founded in 1923, Intrum Justitia has some
3,600 employees in 20 markets. Consolidated revenues amounted to
about SEK 4.6 billion in 2013. Intrum Justitia AB is listed on NASDAQ
OMX Stockholm since 2002. For further information, please visit
www.intrum.com

-----------------------------------------------------------
http://news.cision.com/intrum-justitia-ab/r/intrum-justitia-repurchases-...
http://mb.cision.com/Main/8612/9617875/267721.pdf

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.