VALLETTA, Malta, Dec. 2, 2021 /PRNewswire/ -- During the period 28 October 2021 to 30 November 2021, Kindred Group plc has repurchased a total of 1,460,000 shares/SDRs as part of the share buy-back programme running between 26 July 2021 and 17 December 2021. The programme was initiated by the Board of Directors 23 July 2021 with the purpose to return excess cash to Kindred's shareholders. It is carried out in accordance with the Maltese Companies Act, EU Market Abuse Regulation (EU No. 596/2014) ("MAR") and the applicable rules of Nasdaq's Nordic Main Market Rulebook for Issuers of Shares.
All acquisitions have been carried out on Nasdaq Stockholm by Nordea Bank Abp on behalf of Kindred. Following the acquisitions and as of 30 November 2021, Kindred's holding of own shares/SDRs amounted to 6,544,839. The total number of issued shares in Kindred is 230,126,200.
From the programme start on 26 July until and including 30 November, Kindred has repurchased a total of 3,710,000 shares/SDRs at a volume-weighted average price of 135.9 SEK per share. Within the frame of the buy-back programme a maximum of 6,000,000 shares/SDRs are allowed to be repurchased, with an aggregated value of up to maximum SEK 600,000,000.
For information about the transactions carried out under the buy-back programme, please see:
This disclosure contains information that Kindred Group is obliged to make public pursuant to the EU Market Abuse Regulation (EU No. 596/2014). The information was submitted for publication, through the agency of the contact person, on 02-12-2021 07:30 CET.
For more information:
Patrick Kortman, Head of Corporate Development & Investor Relations, +46 723 877 438
Linda Lyth, Investor Relations Manager, +46 767 681 337
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The following files are available for download:
Press release - Repurchase of own shares during 28 Oct - 30 Nov 2021