Skanska’s Board of Directors has resolved to exercise the authorization given by the AGM to acquire Series B shares in Skanska
At the statutory Board meeting on March 26, 2020, the Board resolved to exercise the authorisation given by the Annual General Meeting on March 26, 2020 to acquire own Series B shares in Skanska on the following terms and conditions to secure delivery of Series B shares to participants in the Skanska employee ownership program adopted by the Annual General Meeting on March 28, 2019 (Seop 5).
Acquisitions may be made on one or several occasions, however at the latest until the 2021 Annual General Meeting, of no more than 1,200,000 Series B shares in Skanska on Nasdaq Stockholm at a price within the from time to time applicable range of prices (spread) on Nasdaq Stockholm, meaning the interval between the highest purchase price and the lowest selling price. Acquired own Series B shares in Skanska may be transferred to participants in Seop 5 in accordance with the conditions stipulated in the decision by the Annual General Meeting on March 28, 2019.
On March 26, 2020 Skanska held 8,107,126 Series B shares in its own custody.