Business
Hemnet utilises share buy-back authorisations
Hemnet utilises share buy-back
About this update from Hemnet Group Ab
The Board of Directors of Hemnet Group AB (publ) (“Hemnet” or the “Company”) has resolved to utilise the authorisations granted by the Annual General Meeting held on 8 May 2026 to repurchase Hemnet’s own shares in order to adjust Hemnet’s capital structure and to enable delivery of shares to participants in the Performance Share Program 2026/2029.The share buy-back programPurchases of shares pursuant to the share buy-back program will be carried out in accordance with the EU Market Abuse Regulation (EU) No 596/2014 (“MAR”) and the Commission Delegated Regulation (EU) 2016/1052 (the “Safe Harbour Regulation”). Purchases of shares will be managed by an investment firm or credit institution that makes its trading decisions regarding the timing of the acquisitions of Hemnet’s shares independently of Hemnet.The share buy-back program is subject to the following terms:Hemnet may purchase ordinary shares to the extent that Hemnet’s holding at no time exceeds ten (10) percent of the total amount of shares in Hemnet. The maximum purchase amount is SEK 600,000,000.Purchases are to be made on Nasdaq Stockholm in accordance with the Nasdaq Nordic Main Market Rulebook, MAR and the Safe Harbour Regulation.The shares shall be purchased at a per-share price within the prevailing price range (spread) on Nasdaq Stockholm, meaning the spread between the highest purchase price and the lowest selling price prevailing and disseminated by Nasdaq Stockholm from time to time, and the price may not be higher than the higher of the price of the last independent trade and the highest current independent purchase bid on Nasdaq Stockholm.Purchases of shares may be made until the date of the Annual General Meeting 2027.Payment for the shares shall be made in cash.The purpose of the purchases under the share buy-back program is to adjust Hemnet’s capital structure by reducing its share capital. Accordingly, the Board of Directors intends to propose to the Annual General Meeting 2027 that the repurchased shares are cancelled.Purchases of shares in relation to the Performance Share Program 2026/2029In addition to the resolution to initiate the share buy-back program, Hemnet’s Board of Directors has resolved to utilise the authorisation granted by the Annual General Meeting 2026 for the Board of Directors to resolve on purchases of a maximum of 355,000 ordinary shares, in order to enable d...