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 May 2, 2019, 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 2019.
The Board of Directors has resolved that the acquisitions shall occur during two periods. Period 1 applies from and including June 13, 2019 up to and including June 17, 2019 and period 2 applies from and including July 19, 2019 up to and including August 19, 2019. The acquisitions will be made by Skandinaviska Enskilda Banken AB, which, based on the trading order given by Coor to Skandinaviska Enskilda Banken AB, will make trading decisions independently of Coor with regard to the timing of the acquisitions.
Acquisitions may be made on one or several occasions and may comprise a maximum of 340,000 shares in total and shall be made on Nasdaq Stockholm in accordance with its Rule Book for Issuers. The acquisitions will be made at a price per share within the registered price range on each occasion between the highest bid price and the lowest selling price. 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 no own shares. In the event share acquisitions are executed in full, the company will hold shares representing approximately 0.35 percent of the issued shares in the company.
For more information, images etc. please visit www.coor.com or contact:
Mikael Stöhr, President and CEO, Coor
+46 10 559 59 35
Magdalena Öhrn, Communications Director, Coor
+46 10 559 55 19
Coor is a leading provider of facility management services in the Nordics, focusing on integrated and complex service undertakings (IFM). Coor offers specialist expertise in workplace services, property services and strategic advisory services for development of customers’ service activities. Coor creates value by executing, leading, developing and streamlining its customers’ service activities, ensuring that they provide optimal support to the core business over time. Coor’s customer base includes many large and small companies and public-sector organisations across the Nordic region, including ABB, AB Volvo, Aibel, Det Norske Veritas, E.ON, Ericsson, EY, NCC, Politiet (Danish Police), Saab, Sandvik, SAS, Equinor, 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