The board of directors of engcon AB (“engcon”) has today, with the authorisation granted by the Annual General Meeting held today on 15 May 2025, resolved on acquisition of own B shares.
The purpose of the acquisitions is to enable delivery of B shares to the participants in engcon’s long-term share-based incentive program, provided the outcome is positive.
Acquisitions of own B shares will be conducted in accordance with the Nordic Main Market Rulebook for Issuers of Shares. The acquisitions will be conducted in accordance with the following conditions:
- A maximum of 119,000 class B shares may be acquired.
- Acquisitions of B Shares may only take place on Nasdaq Stockholm at a price within the price range applicable from time to time.
- Payment for the shares shall be made in cash.
- Acquisitions may only be made for the purpose of hedging the delivery of B Shares to participants in engcon’s long-term share-based incentive program.
- Acquisitions may be conducted on one or more occasions during the period until the next Annual General Meeting.
Reporting of acquisitions will be made to Nasdaq Stockholm in accordance with applicable rules.
As per the date of this press release, the total number of shares in engcon amounts to 151,788,000 shares, divided into 35,344,778 A shares and 116,443,222 B shares. As per the date of this press release, engcon does not hold any own shares.
For more information please contact:
Krister Blomgren, CEO
krister.blomgren@engcon.com
+46 70 529 92 65
Anne Vågström, Head of Investor Relations
anne.vagstrom@engcon.se
+46 76 126 40 84
engcon is the leading global supplier of tiltrotators and associated equipment that enhance efficiency, flexibility, profitability, safety and sustainability of excavators. With knowledge, commitment and a high level of service, engcon's about 400 employees create success for their customers. engcon was founded in 1990, headquartered in Strömsund, Sweden and address the market through 15 local sales companies and an established network of resellers around the world. Net sales amounted to approximately SEK 1.6 billion in 2024. engcon’s B share is listed on Nasdaq Stockholm.
For more information, visit www.engcongroup.com
