Skip to main contentSkip to navigationSkip to search
Our companiesBecome a part of Green

Press release


2019-10-24 07:00 CEST

Green Landscaping initiates repurchase of own shares

The Board of Directors of Green Landscaping Group AB (publ) (“Green Landscaping”) has, with support of the authorization from the Annual General Meeting on May 15, 2019, decided to activate the repurchase program of own shares with a maximum of 150 000 shares.

The purpose of the repurchase program is to be able to transfer shares in connection with any acquisitions through payment in part with the company's own shares.

The authorization gives the company the opportunity to repurchase a maximum of 10% of the outstanding shares, corresponding to 3 601 105 shares.

The repurchase program will be implemented in accordance with the Market Abuse Regulation (EU) 596/2014 ("MAR") and the EU Commission's Delegated Regulation (EU) 2016/1052 ("Safe Harbor Regulation"). The repurchases will be carried out by an investment bank or a credit institution that decides on purchases independently and without any influence from Green Landscaping regarding the time of repurchases.

The repurchases may further take place under the following conditions:

  • Share repurchases must take place on Nasdaq Stockholm and in accordance with the rules regarding purchase of own shares set out in the Nasdaq Stockholm Rules for Issuers and in accordance with the MAR and Safe Harbor regulations.
  • The repurchases may be made during the period from 6 November 2019 to 14 May 2020.
  • Repurchases of shares on Nasdaq Stockholm may take place at a price per share within the quoted price range at any given time, which means the interval between the highest purchase price and the lowest selling price.
  • Shares for a maximum of SEK 5 million may be purchased.
  • A maximum of 150 000 shares may be repurchased.
  • Payment for the shares must be paid in cash.

At the time of this press release, the total number of shares and votes in Green Landscaping is 36 011 057, of which Green Landscaping holds zero (0) own shares. Completed acquisitions of treasury shares will be made public and notified in accordance with applicable laws and regulations and the Nasdaq Stockholm Rules for Issuers.