REPURCHASE OF SHARES IN CARDO - FLAGGING
12/3/2008 5:00 AM EST
Cardo AB (publ) has repurchased shares for SEK 235,993,175.
From August 14 to December 2 2008, executive management of Cardo AB has repurchased 1,500,000 shares in the Company for a total of SEK 235,993,175, signifying an average price of SEK 157.33.
The repurchases have been made under the authorization of the general meeting of shareholders and a resolution of the board of directors of June 18 2008 to acquire so many own shares that the Company’s holding at no time exceeds 10 percent of all shares in the Company.
The total number of shares in Cardo amounts to 30,000,000. Cardo’s present holding of its own shares amounts to 3,000,000 shares, which is therewith equivalent to 10 percent of all shares and votes in the Company. The shares have been repurchased for a total of SEK 458,746,025, signifying an average price of SEK 152.92. The authorization of the general meeting of shareholders regarding repurchase of own shares has been therewith fully utilized.
Malmö, Sweden, December 3 2008
Cardo AB (publ)