Skanska’s Board of Directors has resolved on the repurchase of shares etc
At the Board meeting on April 6, 2016, the Board resolved to exercise the Annual General Meeting’s authorization concerning the repurchase of shares on the following terms: on one or several occasions, but no later than the Annual General Meeting in 2017, not more than 4,000,000 Series B shares in Skanska may be acquired, the aim of which is to secure delivery of shares to participants in Skanska’s Employee Ownership Program, Seop (2014 – 2016).
The Board resolved also to exercise the Annual General Meeting’s authorization concerning the repurchase of shares on the following terms: on one or several occasions, but no later than the Annual General Meeting in 2017, not more than 1,500,000 Series B shares in Skanska may be acquired, the aim of which is to secure delivery of shares to participants in Skanska’s Employee Ownership Program, Seop (2017 – 2019).
Further the Board resolved to exercise the Annual General Meeting’s authorization concerning transfer of shares on the following terms: on one or several occasions, but no longer than the Annual General Meeting in 2017, not more than 763,000 Series B shares in Skanska may be transferred, the aim of which is to cover mainly social security costs that may occur in relation to Skanska’s Employee Ownership Program, Seop (2011 – 2013) and Seop (2014 – 2016).
Acquisition, or transfer, may only be made on Nasdaq Stockholm within the price interval prevailing at any given time, meaning the interval between the highest purchase price and the lowest selling price. On April 6, Skanska held 10 164 888 Series B shares in its own custody.