Peab (STO:PEABB) has announced that during it’s Annual General Meeting, it’s Board has authorized the repurchase of PEAB AB shares. The Board has approved the acquisition of a maximum of 2 million Peab B shares. The transactions will take place on the NASDAQ:OMX Stocholm at the current share price. The company’s holding of own shares totals 4.906.220 B shares. This is equal to 1.7% of the total number of shares that are registered, totaling 296,049,730th.
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Peab is one of the leading construction and civil engineering companies in the Nordic countries with a net sale exceeding SEK 35 billion and approximately 13,000 employees. The Group’s subsidiaries have strategically located offices in Sweden, Norway and Finland. The share is listed on NASDAQ OMX Stockholm. The registered office of the Group is at Förslöv, Skåne in south of Sweden.
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