Nov 10, 2015 12:00 AM CET
The Board of Directors of Com Hem Holding AB (publ) has decided to continue to exercise the authorization to resolve on repurchase of shares that was given by the 2015 Annual General Meeting and communicated on May 21st.
The Board of Com Hem Holding AB (”Com Hem” or the ”Company”) has decided to continue to exercise the authorization to resolve on repurchase of shares that was given by the Annual General Meeting on May 21, 2015.
The third part of the program will be carried out in accordance with the European Commission’s ordinance (EC) No 2273/2003 of December 22, 2003, (the “EC ordinance”) and will be managed by a securities company or credit institution that makes its trading decisions regarding Com Hem’s shares independently of, and without influence by, Com Hem with regard to the timing of the repurchases, using the same terms as the in the second part of the program that expired on November 2, 2015:
Com Hem’s share capital will be reduced by cancelling the shares that has been repurchased.
The Board intends to, after the third program expires and up until the following Annual General Meeting, return with additional buyback programs to be carried out in accordance with the EC ordinance.
The total number of shares in Com Hem amounts 206,643,376. Com Hem currently owns 7,031,314 own shares.
Petra von Rohr, Director IR & Corporate Communications
Tel: +46(0)734 39 06 54
Caroline Tivéus, IR-Manager
Tel: +46(0)734 39 08 67
Fredrik Hallstan, Head of PR
Tel: +46(0)761 15 38 30
Com Hem Holding AB discloses the information provided herein pursuant to the Swedish Securities Markets Act (2007:528) and/or the Swedish Financial Instruments Trading Act (1991:980). The information was submitted for publication at 15:00: CET on November 10, 2015.
Com Hem is one of Sweden’s leading suppliers of high-speed broadband, television and fixed-telephony. Approximately 40% of Sweden’s households are connected to Com Hem’s network, with access to the market’s broadest range of television services. Com Hem offers broadband speeds up to 500 Mbps to 1.9 million households which is more than any other operator. Since 2013 Com Hem has a competitive B2B-offer of broadband and telephony services. Com Hem was founded in 1983, has approximately 1,200 employees and its head office is in Stockholm. Operations are run through three subsidiaries; Com Hem AB, Phonera Företag AB and iTUX Communication AB. Com Hem’s shares are listed on Nasdaq Stockholm. For more information, visit: www.comhemgroup.com.