tbd30

The purposes of the repurchase program are hence to give the Company flexibility regarding its equity and thereby optimize the capital structure of the Company and, where applicable, for the Company's share-related incentive programs. The repurchase program will be 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 repurchase program will be managed by Carnegie Investment Bank AB (publ) (“Carnegie”) that, based on the trading order given by the Company to Carnegie, makes its trading decisions regarding timing of the acquisitions independently of the Company.

The repurchase program resolved by the Board is subject to the following terms:

1. Repurchases may be effected on Nasdaq Stockholm in accordance with Nasdaq Stockholm’s Rulebook for Issuers of Shares (the “Rulebook”) as well as in accordance with MAR and the Safe Harbour Regulation. Repurchases may also be made through block trades in accordance with applicable rules.
2. Repurchases may be made on one or several occasions until the Annual General Meeting 2025.
3. Repurchases may only be effected at a price per share within the price interval applying on Nasdaq Stockholm from time to time, which refers to the interval between the highest buying price and the lowest selling price continuously disseminated by Nasdaq Stockholm, and in accordance with the restrictions relating to price in the Safe Harbour Regulation.
4. Repurchases may only be effected in accordance with the restrictions regarding volume for acquisitions of own shares stated in the Rulebook and in the Safe Harbour Regulation.
5. A maximum of 1 317 372 own ordinary shares may be repurchased for a total maximum amount of SEK 120 000 000.
6. Payment for shares shall be made in cash.

The total number of shares in the Company as of the date of this notice amounts to 13,817,291, of which 11,817,291 consist of shares of series A and 2,000,000 consist of shares of series B. The Company holds 64 357 shares of series B.