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    CLA B   SE0002626861

CLOETTA AB (PUBL)

(CLA B)
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Cloetta AB : (publ) to repurchase own B-shares as part of long-term incentive program

07/15/2021 | 12:01pm EST

The Board of Directors of Cloetta AB (publ) ("Cloetta") has, based on an authorisation from the Annual General Meeting held on 6 April 2021, resolved on repurchase of own B-shares to enable the company to transfer shares under the long term share-based incentive program.

The purpose of the authorisation to repurchase own shares, and the Board of Directors' decision to utilise the authorisation from Annual General Meeting, is to enable hedging of costs and delivery of shares related to the implementation of Cloetta's long-term share-based incentive plan, LTI 2021. The repurchase of own shares will be conducted in accordance with the Nordic Main Market Rulebook for Issuers of Shares.

The repurchases will be conducted in accordance with the following conditions:

  • Acquisitions may be conducted on one or more occasions for the period until the end of the next Annual General Meeting.
  • A maximum of 1,590,629 B-shares may be acquired.
  • Acquisitions of shares are to be conducted on Nasdaq Stockholm and at a price per share that is within the registered span of share prices at the particular time.
  • Payment for the shares shall be made in cash.

Reporting of repurchases will be made to Nasdaq Stockholm in accordance with applicable rules.

As per the date of this press release, the total number of shares in Cloetta amounted to 288,619,299, of which 5,735,249 were A-shares and 282,884,050 B-shares. Cloetta does not hold any own shares as per at the date of this press release.

Contact
Nathalie Redmo, Head of IR and Communications, +46 766 96 59 40

About Cloetta

Cloetta, founded in 1862, is a leading confectionary company in Northern Europe. Cloetta's products are sold in more than 50 countries worldwide with Sweden, Finland, Denmark, Norway, the Netherlands, Germany and the UK as the main markets. Cloetta owns some of the strongest brands on the market, such as Läkerol, Cloetta, CandyKing, Jenkki, Kexchoklad, Malaco, Sportlife and Red Band. Cloetta has 7 production units in 5 countries. Cloetta's class B-shares are traded on Nasdaq Stockholm. More information about Cloetta is available on www.cloetta.com

https://news.cision.com/cloetta-ab/r/cloetta-ab--publ--to-repurchase-own-b-shares-as-part-of-long-term-incentive-program,c3385733

https://mb.cision.com/Main/1169/3385733/1445466.pdf

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2021 6 019 M 658 M 658 M
Net income 2021 496 M 54,2 M 54,2 M
Net Debt 2021 1 772 M 194 M 194 M
P/E ratio 2021 14,8x
Yield 2021 3,92%
Capitalization 7 354 M 807 M 803 M
EV / Sales 2021 1,52x
EV / Sales 2022 1,50x
Nbr of Employees 2 600
Free-Float 63,9%
Chart CLOETTA AB (PUBL)
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Technical analysis trends CLOETTA AB (PUBL)
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 1
Last Close Price 25,48 SEK
Average target price 26,00 SEK
Spread / Average Target 2,04%
EPS Revisions
Managers and Directors
Henri Jacob Jan de Sauvage-Nolting President & Chief Executive Officer
Frans Per Olof RydÚn Chief Financial Officer
Mikael Norman Chairman
Marcel Mensink President-Operations
Mikael Svenfelt Independent Director
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