Atlas Copco to utilize mandates to repurchase and sell shares
April 25, 2018
Stockholm, Sweden, April 25, 2018: The Board of Atlas Copco AB has decided to use the mandates granted by the Annual General Meeting for the repurchase and sale of shares at one or more occasions until the next Annual General Meeting.
The mandates cover: 1) The acquisition of not more than 3,300,000 series A shares, whereof a maximum of 2,300,000 may be transferred to option holders under the performance based personnel option plan 2018. 2) The acquisition of not more than 70,000 series A shares, later to be sold on the market in connection with payment to Board members who have opted to receive synthetic shares as part of their remuneration. 3) The sale of not more than 30,000 series A shares to cover costs related to previously issued synthetic shares to Board members. 4) The sale of maximum 6,200,000 series A and series B shares currently held by the company, for the purpose of covering costs of fulfilling obligations related to the performance based personnel option plans 2013, 2014 and 2015. Repurchases and sales are subject to market conditions, regulatory restrictions and the capital structure at any given time.
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Atlas Copco is a world-leading provider of sustainable productivity solutions. The Group serves customers through its innovative compressors, vacuum solutions, generators, pumps, power tools and assembly systems. Atlas Copco develops products and services focused on productivity, energy efficiency, safety and ergonomics. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2017, Atlas Copco had revenues of BSEK 86 (BEUR 9) and about 34 000 employees.