Jan 31, 2017 9:00 AM CET
The Board of Directors of Com Hem Holding AB (publ) has today resolved to continue to exercise the authorization to resolve on repurchase of shares that was given by the Annual General Meeting held on May 19, 2016.
The Board of Com Hem Holding AB (”Com Hem” or the ”Company”) has today resolved to initiate a share buyback program for a total amount of up to SEK 140 million up until March 22, 2017.
Repurchased shares will reduce Com Hem’s share capital by shares being cancelled, after sufficient number of shares have been saved to be used under Com Hem’s LTIP programs. The program is being 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 buy-back program 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.
The buy-back program resolved upon by the Board shall meet the following terms:
The total number of outstanding registered shares in Com Hem amounts to 188,950,640. Com Hem currently owns 4,279,455 own shares.
For queries, please contact:
Marcus Lindberg, Investor Relations Manager
Tel: +46(0)734 39 25 40
Fredrik Hallstan, Head of PR
Tel: +46(0)761 15 38 30
This information is information that Com Hem Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 09:00 CET on January 31, 2017.
About Com Hem Group
Com Hem Group offers broadband, TV, play and telephony services to Swedish households and companies. Our powerful and future-proofed network with speeds up to 1 Gbit/s, covers half of the country’s households, making the Com Hem Group an important driver of creating a digital Sweden. We bring our 1.5 million customers the largest range of digital tv channels and play services via set-up boxes as well as on-the-go for tablets and smartphones. The company was founded in 1983 and has approximately 1,100 employees. Com Hem Group is headquartered in Stockholm and operates through four subsidiaries; Com Hem AB, Boxer TV Access AB, Phonera Företag AB and iTUX Communication AB. In 2016, Group sales totalled in 5,665 SEK million. Since 2014 the Com Hem share is listed on Nasdaq Stockholm. www.comhemgroup.com.