To cover commitments under the “Long Term Incentive Program 2010/2013” TeliaSonera exercises mandate to buy back shares
- 2013-04-18 14:46 UTC
The Board of Directors of TeliaSonera AB has today decided to exercise the mandate for the buyback of shares that was approved from the Annual General Meeting on April 3 2013.
To cover commitments under the “Long Term Incentive Program 2010/2013”, approved by the Annual General Meeting in 2010, the board decided to buy back a maximum of 100,000 shares.
The buy backs will take place between April 22 and May 3 2013.
The shares will be bought back on the Nasdaq OMX Stockholm stock exchange at a price within the spread between the highest bid price and lowest ask price prevailing from time to time on the exchange.
TeliaSonera has a total of 4,330,084,781 registered shares.
The company has no treasury shares.
TeliaSonera provides network access and telecommunication services in the Nordic and Baltic countries, the emerging markets of Eurasia, including Russia and Turkey, and in Spain. TeliaSonera helps people and companies communicate in an easy, efficient and environmentally friendly way. Our ambition is to be number one or two in all our markets, providing the best customer experience, high quality networks and cost efficient operations. TeliaSonera is also the leading European wholesale provider with a wholly-owned international carrier network. In 2012, net sales amounted to SEK 105 billion, EBITDA to SEK 36.1 billion and earnings per share to SEK 4.59. The TeliaSonera share is listed on NASDAQ OMX Stockholm and NASDAQ OMX Helsinki. Read more at www.teliasonera.com.