The Board of Directors of Stillfront has resolved to exercise its authorisation to acquire own shares

MARKN.

The Board of Directors of Stillfront AB (publ) (“Stillfront”) has resolved, pursuant to the authorisation granted by the Annual General Meeting held on 14 May 2024, to acquire own shares on Nasdaq Stockholm. The purpose of the repurchase is to enable payment with Stillfront’s own shares of certain earn-out payments relating to acquisitions.

The repurchase programme is subject to the following terms and conditions:

  • Acquisitions shall be effected on Nasdaq Stockholm in accordance with the Nordic Main Market Rulebook for Issuers of Shares.
  • Acquisitions may be made on one or several occasions between 7 May 2025 and the 2025 Annual General Meeting, to be held on 14 May 2025.
  • Acquisitions may be made up to a total amount of SEK 70 million. Stillfront’s holding of own shares may, however, not at any time exceed one-tenth of all shares in Stillfront.
  • Acquisitions may only be effected at a price within the registered price interval on Nasdaq Stockholm at any given time, which refers to the interval between the highest purchase price and the lowest selling price.
  • Payment of acquired shares shall be made in cash.

The repurchases will be administered by Carnegie Investment Bank AB (publ), that will act in accordance with instructions from Stillfront. The purpose of the repurchase programme is to enable payment with Stillfront’s own shares in certain earn-out considerations relating to acquisitions. Stillfront estimates that the Company is obliged to pay approx. 31.65 million shares as share component of earn-out considerations in 2025.

The total number of shares in Stillfront is 517,968,480. At the time of this press release, Stillfront holds 24,279,698 own shares. If repurchase of the approx. 7.37 million remaining shares has not been carried out when this repurchase programme is completed, the Board of Directors intends – provided that the Board receives an authorisation and that the Board deems it beneficial – to utilise an authorisation from the Annual General Meeting 2025 for additional repurchases to enable payment of the share component of the earn-out considerations relating to the above described acquisitions.

Datum 2025-05-06, kl 07:30
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