Utilization of authorization in Hexagon AB to repurchase own shares due to incentive programme
4 May 2021
The Board of Directors of Hexagon AB (publ) has resolved, pursuant to the authorization granted by the Annual General Meeting held on 29 April 2021, to acquire the company’s own shares of Series B on Nasdaq Stockholm. The purpose of the repurchase is to ensure Hexagon’s undertakings in respect of Share Programme 2021/2024 (other than delivery of shares to participants in the incentive programme), including covering social security costs.
Acquisition may be made of maximum 850,000 Series B shares (before the share split resolved upon by the Annual General Meeting). After the share split 7:1 of the company’s shares, the resolution entails that acquisition may be made of maximum 5,950,000 Series B shares. Acquisition may be made on one or several occasions and shall be made on Nasdaq Stockholm in accordance with its rules. The acquisitions will be made at a price per share within the from time to time registered trading interval. Payment for the shares will be made in cash. Reporting will take place through the stock exchange in accordance with applicable rules. Acquisitions may be made from and including 4 May 2021 until the Annual General Meeting 2022.
Currently, Hexagon holds 850,000 own shares (before share split 7:1). The total number of outstanding shares in Hexagon is before the share split 367,550,802 shares, including 15,750,000 shares of Series A and 351,800,802 shares of Series B. In the event of a fully executed share repurchase, the company will own shares representing maximum 0.5 per cent of the shares issued in the company.
For further information, please contact:
Maria Luthström, Head of Sustainability and Investor Relations, Hexagon AB, +46 8 601 26 27, ir@hexagon.com
The information was submitted for publication at 08.00 CET on 4 May 2021.
Hexagon is a global leader in sensor, software and autonomous solutions. We are putting data to work to boost efficiency, productivity, and quality across industrial, manufacturing, infrastructure, safety, and mobility applications.
Our technologies are shaping urban and production ecosystems to become increasingly connected and autonomous – ensuring a scalable, sustainable future.
Hexagon (Nasdaq Stockholm: HEXA B) has approximately 21,000 employees in 50 countries and net sales of approximately 3.8bn EUR. Learn more at hexagon.com and follow us @HexagonAB.