Boozt initiates SEK 200 million share repurchase programme
Pursuant to the authorization granted by the annual general meeting on 24 April 2025, the board of directors of Boozt AB (”Boozt”) has resolved to initiate a SEK 200 million repurchase programme of own ordinary shares.
The purpose of the repurchase programme is partly to enable Boozt to adapt its capital structure to its capital needs over time, partly to enable the company to finance acquisitions with its own ordinary shares, as well as to secure the company's obligations in relation to long-term incentive programmes.
The share repurchase programme forms part of Boozt’s established plan to return SEK 800 million to shareholders from the proceeds of the Nasdaq Copenhagen listing, of which SEK 385 million has been returned to date. The plan, initiated in 2023, originally targeted completion within three years, subject to stable or improving market conditions. Boozt remains fully committed to completing the programme, however, depending on market developments, the completion period may extend to four years from the plan’s initiation.
Repurchases may only be made at Nasdaq Stockholm and in accordance with the following terms and conditions:
•Repurchases shall be made in accordance with Nasdaq Stockholm’s Rulebook for Issuers (the “Rule-book”).
•Repurchases may be made at the longest until the annual general meeting 2026.
•Repurchases may be made at one or several occasions at a price per share within the at each time registered price interval (i.e. the interval between the highest buying price and the lowest selling price) published at Nasdaq Stockholm.
•Repurchases may only be made in accordance with the restrictions regarding volume for acquisitions of own shares stated in the Rulebook.
•The total number of shares that may be repurchased may not result in that the company’s shareholding (including holdings of C-shares) exceeds 10 per cent of the total number of shares in the company at any given time and the amount to be paid for repurchased shares may in the aggregate not exceed SEK 200 million.
•Payment for shares shall be made in cash.
The total number of shares in Boozt amounts to 68,289,488, whereof 66,544,621 are ordinary shares and 1,744,867 are C-shares. All C-shares are held by Boozt to secure the company’s obligations in relation to outstanding share programmes. After completion of the cancellation of 2,680,517 own ordinary shares, which was resolved by the annual general meeting on 24 April 2025, the total number of ordinary shares in the company will decrease to 63,864,104, whereby Boozt, after the cancellation, will hold 137,774 own ordinary shares.