STOCKHOLM — At its 2010 annual general meeting, Haldex AB shareholders voted to authorize the company’s board of directors to make decisions concerning the buyback of the company’s own shares, in order to safeguard the company’s option program. This week, Haldex has announced that the company’s board has decided to exercise that option.
The shares will be purchased on Nasdaq OMX Stockholm at a price within the registered span of prices at the particular time.
Share buybacks will be permissible from March 1 through May 13. No shares will be bought back during a period of 30 days prior to the publication of the first-quarter report, including the date of publication.
On Feb. 22, Haldex AB owned 376,470 treasury shares. The total number of shares issued by Haldex is currently 44,215,970, and the number of shares to be bought back may not exceed 86,030.
