Alligo AB (OM:ALLIGO B) commences an Equity Buyback Plan for 4,608,912 shares, representing 9.05% of its issued share capital, under the authorization approved on May 24, 2023.

Alligo AB (publ) (OM:ALLIGO B) commences share repurchases on August 15, 2023, under the program mandated by the shareholders in the Annual General Meeting held on May 24, 2023. As per the mandate, the company is authorized to repurchase up to 4,608,912 shares, representing 9.05% of its issued share capital. The purpose of the program is to adapt the company?s capital structure and to pay for future acquisitions of businesses and operations.

The repurchase program will be funded through cash. The authority shall expire at the conclusion of the next Annual General Meeting in 2024. As at April 19, 2023, the company had 50,906,189 shares in issue of which 564,073 are Class A shares and 50,342,116 are Class B shares and 425,300 shares in treasury.