The Board of Directors of Coor exercises authorisation for acquisition of own shares to secure the company’s commitments under the incentive programme
The Board of Directors of Coor Service Management Holding AB (“Coor”) has resolved, pursuant to the authorisation granted by the Annual General Meeting held on 26 April 2021, to acquire Coor shares on Nasdaq Stockholm. The purpose of the acquisitions is to secure the financial exposure and subsequent transfers of shares under Coor’s long-term incentive programme which was resolved by the Annual General Meeting 2021.
The Board of Directors has resolved that the acquisitions shall occur during two periods. Period 1 applies from and including May 13, 2021 up to and including June 14, 2021 and period 2 applies from and including July 16, 2021 up to and including August 13, 2021. The acquisitions will be managed by Skandinaviska Enskilda Banken AB (publ), which, based on the trading order given by Coor to Skandinaviska Enskilda Banken AB (publ), will make trading decisions independently of Coor with regard to the timing of the acquisition.
Acquisitions may in total comprise a maximum of 680,000 shares on one or several occasions and shall be made on Nasdaq Stockholm in accordance with the Nordic Main Market Rulebook for Issuers of Shares, including within the band of prices applying on Nasdaq Stockholm (as prevailing and disseminated by Nasdaq Stockholm from time to time) and pursuant to the applicable restrictions on volume. Payment for the shares will be made in cash. Reporting will be made through the stock exchange in accordance with applicable rules.
The total number of shares in Coor is 95,812,022 and at the time of this press release the company holds 340,000 own shares. In the event share acquisitions are executed in full, the company will hold shares representing approximately 1.06 percent of the issued shares in the company.
For more information please contact:
Klas Elmberg, CFO and IR-director, Coor
+46 10 559 65 80
Magdalena Öhrn, Communications Director, Coor
+46 10 559 55 19
As the leading provider of facility management services, Coor aims to create the happiest, healthiest and most prosperous workplace environments in the Nordic region. Coor offers specialist expertise in workplace services, property services and strategic advisory services. Coor creates value by executing, developing and streamlining our customers’ service activities. This enables our customers to do what they do best.
Coor’s customer base includes many large and small companies and public-sector organisations across the Nordic region, including ABB, AB Volvo, Aibel, DNV-GL, E.ON, Ericsson, Equinor, ICA, NCC, “Danish Police, Public Prosecution Authority and Prison and Probation Service”, Saab, Sandvik, SAS, Telia Company, Swedish Transport Administration, Vasakronan and Volvo Cars.
Coor was founded in 1998 and is listed on Nasdaq Stockholm since 2015. Coor takes responsibility for the operations it conducts, in relation to its customers, employees and shareholders, as well as for its wider impact on society and the environment. Read more at www.coor.com