The Board of Nordnet AB (publ) ("Nordnet") has resolved to utilize the authorization by the Annual General Meeting on 28 April 2025 to repurchase own shares. The purpose of the repurchases is to return capital to shareholders and optimize the capital structure.
Repurchases may commence on 21 July 2025 and will end on 7 November 2025 at the latest. The share repurchases will be executed by Citigroup who will make decisions regarding timing of repurchases independently of, and without influence by, Nordnet.
The share repurchase program will during this period amount to a maximum of SEK 250 million. Share repurchases may take place on one or more occasions and shall take place on the Nasdaq Stockholm Stock Exchange in accordance with applicable rules. In accordance with the Swedish Companies Act, the company's holding of own shares may never, upon any acquisition, exceed ten percent of the total number of shares in the company. The repurchases must be carried out at a price within the price range applicable at any given time, which means the interval between the highest purchase price and the lowest selling price. Payment for the shares will be made in cash. Reporting will take place via the stock exchange in accordance with the appropriate regulations. Repurchased shares are expected to be cancelled.
The total number of A-shares in Nordnet amounts to 250,181,396. The company does not at the time of this press release hold any A-shares in treasury.
Information about the repurchases under the share buyback program is published weekly on www.nordnetab.com.