Repurchases of shares in Hoist Finance during week 39, 2024 - repurchase programme completed

REG

PRESS RELEASE

Stockholm

30 September 2024

 

During the period 23 September - 27 September 2024, Hoist Finance AB (publ) (LEI code: 549300NPK3FB2BEL4D08) ("Hoist Finance") has repurchased in total 39,500 own shares (ISIN: SE0006887063), as part of the repurchase programme initiated by the Board of Directors. The repurchase programme that was initiated on 25 July 2024 is hereby completed as a total of 1,330,369 shares have been repurchased for a total amount of SEK 99,992,719.

The repurchases form part of the repurchase programme of a maximum of 10 percent of the total number of shares in the company for a total amount of not more than SEK 100,000,000 that Hoist Finance announced on 25 July 2024. The repurchase programme is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation"). The purpose of the repurchase programme is to adjust the company's capital structure and thereby contribute to creating an increased value for Hoist Finance's shareholders. The intention is that the shares to be repurchased shall be redeemed by resolutions at future general meetings.

Shares in Hoist Finance have been repurchased as follows:

Date

Aggregated daily volume (number of shares)

Weighted average share price per day (SEK)

Total daily transaction value (SEK)

23 September 2024

10,000

87.0028

870,028

24 September 2024

10,000

86.6542

866,542

25 September 2024

6,000

87.7025

526,215

26 September 2024

6,000

90.328

541,968

27 September 2024

7,500

90.7203

680,402

Total accumulated over week 39 2024

39,500

 

3,485,155

Total accumulated during the repurchase programme

1,330,369

 

99,992,719

 

All acquisitions have been carried out on Nasdaq Stockholm by Carnegie Investment Bank AB on behalf of Hoist Finance.

Following the above acquisitions, Hoist Finance's holding of own shares amounts to 3,432,391 as of 30 September 2024. The total number of shares in Hoist Finance, including the own shares, is 90,854,997 and the number of outstanding shares, excluding the own shares, is 87,422,606.

A full breakdown of the transactions pursuant to Article 5.3 of MAR and Article 2.3 of the Safe Harbour Regulation is attached to this announcement.

For more information, please contact:

Karin Tyche, Chief Investor Relations and Communications Officer

ir@hoistfinance.com

+46 76 780 97 65

 

About Hoist Finance

Hoist Finance is an asset manager specialised in non-performing loans. For more than 25 years, we have focused on investing in and managing debt portfolios. We are a partner to international banks and financial institutions across Europe, acquiring non-performing loan portfolios. We are also a partner to consumers and SMEs in a debt situation, creating long-term sustainable repayment plans enabling them to convert non-performing debt to performing debt. We are present in 13 markets across Europe and our shares are listed on Nasdaq Stockholm. For more information, please visit hoistfinance.com.

 

Datum 2024-09-30, kl 18:00
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