Download Statement of the Board of Directors for acquisition of the company’s own shares
Statement of the Board of Directors on a proposal for authorisation from the 2024 Annual General Meeting for acquisition of the company’s own shares pursuant to Chapter 19, Section 22 of the Swedish Companies Act
The Board has issued a reasoned statement that the proposal to the Annual General Meeting to buy back own shares is justified in view of the provisions of Chapter 17, Section 3, paragraphs 2 and 3 of the Swedish Companies Act.
The Board of Directors recommends that shareholders at the Annual General Meeting grant the
Board authority, for the period until the next Annual General Meeting, to acquire up to 10% of
the company's shares through purchases on NASDAQ Stockholm, and, if the Board finds it
appropriate, to sell all or some of the purchased shares on NASDAQ Stockholm, or alternatively,
to use purchased shares as liquid assets in the event of a business combination.
Acquisition and transfer of shares shall be closely linked to the appropriate stock exchange
price.
The nature, scope and risks of the business
The nature and scope of the business are described in the Articles of Association and published
annual reports. The business carried on in the Company does not entail any risks other than
those that arise, or can be expected to arise, in the industry, or risks associated with operating
a business general.
Financial position of the Company and the Group
The financial position of the Company and the Group as at 31 December 2023 is presented in
the most recent Annual Report. The Annual Report also specifies the accounting policies used
for valuation for assets, provisions and liabilities
The Board of Directors is proposing that the Annual General Meeting on 23 April 2024 approve a dividend of SEK 1.75 per share. The proposed dividend corresponds to 18% of the equity of the Company and 12% of the equity of the Group.
According to the Annual Report, the Group’s equity/assets ratio is 82% (65% in the previous year). The Group’s equity/assets ratio is 68% (57% in the previous year). The equity/assets ratio of the Company and the Group is good and higher than for the industry in general. The proposed dividend or repurchase of own shares will not jeopardise the completion of the investments deemed necessary.
The company’s financial position does not lead to an assessment other than that the Company is able to continue as a going concern and can be expected to satisfy its obligations in the short and long term.
It is the opinion of the Board of Directors that the amount of equity, as reported in the most recent annual report is reasonable relative to the size of the Company’s operations and the risks associated with operating the business and considering the proposed dividend.
Justification of repurchase proposal
In reference to the above and to other information that has been brought to the attention of
the Board of Directors, it is the Board’s opinion that a comprehensive assessment of the
financial position of the Company and the Group leads to the conclusion that the proposed
level of repurchase of own shares is justified in view of the demands that the nature, scope and
risks of the business place upon the size of the Company’s and the Group’s equity, and the
consolidation requirements, liquidity and position otherwise of the Company and the Group.