TeliaSonera exercises mandate to buy back shares to cover commitments under the “Long Term Incentive Program 2011/2014”
TeliaSonera exercises mandate to buy back shares to cover commitments under the “Long Term Incentive Program 2011/2014”.
The Board of Directors has today decided to exercise the mandate for the buyback of shares that was approved by the Annual General Meeting on April 2, 2014. To cover commitments under the “Long Term Incentive Program 2011/2014”, approved by the Annual General Meeting in 2011, the Board decided to buy back a maximum of 140,000 shares. The buy backs will take place between April 24 and April 29, 2014. The shares will be bought back on the Nasdaq OMX Stockholm exchange at a price within the spread between the highest bid price and lowest ask price prevailing at any given time on the exchange. The total amount of registered shares in TeliaSonera is 4,330,084,781. The company has no treasury shares.
TeliaSonera AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instrument Trading Act. The information was submitted for publication at 5 p.m. CET on April 22, 2014.
Statements made in the press release relating to future status or circumstances, including future performance and other trend projections are forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of TeliaSonera.