Acando has resumed repurchase of treasury shares

Acando has resumed repurchase of treasury shares in accordance with the authorization from the Annual General Meeting 2010 and the board decision from August 2010.

At the Annual General Meeting 2010, the Board of Directors was authorized to purchase shares to the extent that the company’s total holding does not exceed 10 percent of all shares in the company, for the purpose of adjusting the capital structure to suit the company’s capital requirements and to create the opportunity for the company to pay for acquisitions of companies and businesses, wholly or partly, with these shares. This authorization applies until the 2011 Annual General Meeting.

In August 2010, the Board of Directors decided to exercise this authority and determined to complete a repurchase of at most 1,000,000 shares, at a maximum cost of SEK 14 million. In August 2010, a total of 360,000 shares were repurchased for a total cost of SEK 4 million.

At the present Acando holds treasury shares corresponding to 4,2 percent of all shares in the company.

Further information is available from:
Ulf J Johansson, Chairman of the Board, Acando, +46 8 699 7000
Lotta Jarleryd, CFO, Acando, +46 8 699 7000.

Read the press release as a pdf