Stockholm, Sweden, October 24, 2006: The Board of Atlas Copco AB has decided to use the mandate granted by the AGM 2006 and implement a program for the repurchase of shares on one or more occasion before the next AGM.
The mandate covers repurchase of series A or B-shares, or any combination thereof, on the Stockholm stock exchange to a maximum of 10 % of the total number of issued shares. Purchase of shares can only be made at a price per share that falls within the registered price range at each given time.
The purpose of the program is to continuously be able to adjust the capital structure of the company and thereby contribute to an increased shareholder value. Purchased shares are intended to be declared invalid on the proposal from the Board at a later General Meeting. Today Atlas Copco does not own any of its own shares.
Repurchases are subject to market conditions, regulatory restrictions and capital situation at any given time. Until the AGM 2007, repurchases of shares under the present mandate are limited to the 2005 non-restricted equity of Atlas Copco AB, less this year’s dividend, i.e. BSEK 6.8.
The number of outstanding shares issued is presently 419,7 million A-shares and 209,1 million B-shares for a total of 628,8 million shares. For further information please contact:
Mattias Olsson, Investor Relations Manager
+46 (0)8 743 8291 or +46 (0)70 518 8291
Annika Berglund, Senior Vice President Communications
+46 (0)8 743 8070 or +46 (0)70 322 8070Atlas Copco is a world leading provider of industrial productivity solutions.The products and services range from compressed air and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket and rental. In close cooperation with customers and business partners, and with more than 130 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group’s global reach spans more than 150 markets. In 2005, Atlas Copco had 27 000 employees and revenues of BSEK 53 (MEUR 5 600). Learn more at www.atlascopco.com.