Epiroc AB to Repurchase and Sell Shares

Strategic Insights -

The Board of Directors of Epiroc AB has decided to utilize the mandate given by the Annual General Meeting to engage in share repurchases and sales on one or more occasions until the next Annual General Meeting. This move aims to manage and optimize the company's capital structure while ensuring compliance with applicable restrictions. The decision involves four separate mandates, each with distinct objectives and share allocations. The repurchases and sales will be conducted under market conditions and in accordance with the company's capital structure at the time of the transactions.

Key Takeaways:

  • The Board of Directors has been authorized to acquire a maximum of 1,900,000 series A shares, with a maximum of 1,800,000 shares to be transferred to option holders as part of the 2025 performance-based employee stock option plan.
  • A maximum of 20,000 series A shares will be acquired, later to be sold on the market in connection with payment to board members who receive synthetic shares as part of their remuneration.
  • The company will sell a maximum of 60,000 series A shares to cover costs for previously issued synthetic shares to board members.
  • Epiroc AB will also sell a maximum of 4,100,000 series A shares currently held by the company to cover costs related to the 2018, 2019, 2020, 2021, and 2022 performance-based employee stock option plans.
  • The total number of outstanding shares is currently 1,213,738,703, with 823,765,854 being series A shares and 389,972,849 being series B shares.

Statistics:

  • Maximum shares to be acquired for option holders: 1,800,000
  • Maximum shares to be acquired and sold for board members: 20,000
  • Maximum shares to be sold to cover costs: 117,000 (60,000 + 57,000 for the inclusion of 2018-2022 plans)
  • Maximum shares to be sold to cover costs related to employee stock option plans: 4,100,000
  • Total number of outstanding shares: 1,213,738,703
  • Current number of series A shares: 823,765,854
  • Current number of series B shares: 389,972,849

Sources:

  • "Epiroc AB issue:s nyhetsmeddelande ang. Epiroc AB:s styrelsesbeslut om in- och utehandel med aktier" (Exact wording and format as in the original release) [Source 1]
  • Epiroc AB's website (Original publication date: Not specified) [Source 2]