TeliaSonera exercises mandate to buy back shares to cover commitments under the “Long Term Incentive Program 2012/2015”
- 2015-04-28 06:30 UTC
The Board of Directors has decided to exercise the mandate for the buyback of shares that was approved by the Annual General Meeting on April 8, 2015.
To cover commitments under the “Long Term Incentive Program 2012/2015”, approved by the Annual General Meeting in 2012, the Board decided to buy back a maximum of 300,000 shares. The buy backs will take place between April 28 and May 8, 2015. The shares will be bought back on the Nasdaq 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 8.30 a.m. CET on April 28, 2015.
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.
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 a leading wholesale provider who owns and operates one of the world’s most extensive fiber backbones. In 2014, net sales amounted to SEK 101.1 billion, EBITDA to SEK 35.2 billion and earnings per share to SEK 3.35. The TeliaSonera share is listed on Nasdaq Stockholm and Nasdaq Helsinki. Read more at www.teliasonera.com.