Saab AB utilizes repurchase authorization to hedge the company’s Share Matching Plan and Performance Share Plan
The Annual General Meeting 2010 of Saab AB resolved to authorize the Board of Directors to decide to repurchase the company’s shares in order to hedge the company’s Share Matching Plan and Performance Share Plan. Saab is announcing that the Board has decided to utilize its authorization for this purpose.
Acquisitions will be made on Nasdaq OMX Stockholm at a price within the registered share price interval on each occasion.
Acquisitions can be made as of 26 July 2010 until next year’s Annual General Meeting. However no acquisitions will be made during a 30-day period prior to the public release of quarterly results, including the date of release.
Saab holds 3,627,804 own shares as per 31 May 2010. The total number of outstanding shares in the company is 109,150,344. The maximum number of shares now intended to be repurchased is 1,340,000.
The information is that which Saab AB is required to declare by the Securities Business Act and/or the Financial instruments Trading Act. The information was submitted for publication on 16 June at 16.00.