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Alimak Group's board decides on repurchase of company's own shares.

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NORDIC BUSINESS REPORT-September 16, 2019-Alimak Group's board decides on repurchase of company's own shares

(C)2019 M2 COMMUNICATIONS http://www.m2.com

Alimak Group AB (STO:ALIG), a provider of vertical access solutions for professional use, announced on Friday the decision by its board of directors, under the authorisation from the annual general meeting 2019, to buy back the company's own shares on Nasdaq Stockholm.

This repurchase is made on the purposes determined by the annual general meeting, which are to increase the flexibility of the board in connection to potential future corporate acquisitions, to enable share transfers of own shares to participants in LTI 2018, LTI 2019, as well as to participants in future incentive programmes and to enable divestment of shares to cover costs for LTI 2018, LTI 2019 and future incentive programmes.

Any acquisition of shares will take place before the annual general meeting 2020 and in no event more than 300,000 shares...

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