Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Hufvudstaden AB (publ)    HUFV A   SE0000170375

HUFVUDSTADEN AB (PUBL)

(HUFV A)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe Europe - 01/20 11:29:52 am
134.4 SEK   -1.39%
2020HUFVUDSTADEN : Change in number of shares and votes in Hufvudstaden
AQ
2020HUFVUDSTADEN : welcomes ASKET to Biblioteks
PU
2020HUFVUDSTADEN : welcomes
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Hufvudstaden : The Board of Hufvudstaden has resolved on repurchases of own shares

09/10/2020 | 12:01pm EST

The Board of Directors of Hufvudstaden AB (publ) has decided to exercise its authorisation from the Annual General Meeting of March 19, 2020 to repurchase own shares.

Repurchases may take place on one or several occasions in the period from September 11, 2020 up until the company's next Annual General Meeting. Repurchases can be made up to a total amount of SEK 500 million, provided however that the group's equity ratio, following a repurchase, shall not fall below the group's target of 40 per cent. The repurchases may comprise such maximum number of series A shares that the company's holding of own shares at no time exceeds 10 per cent of the total number of shares in the company. The repurchases shall be made on Nasdaq Stockholm in accordance with its issuer rules, within the price range prevailing at each time between the highest bid price and the lowest selling price.

The purpose of the repurchases is to adjust the capital structure and thereby creating increased value for the company's shareholders. The company's holding of own shares may ultimately be used as payment for or to finance acquisition of a company or a property. The group's financial position is considered to be strong, even after the resolved repurchases of shares, and provides the possibility to continue to develop the business.

At the time of this press release, Hufvudstaden holds 5,006,000 of its own shares in treasury, corresponding to 2.4 per cent of the total number of shares. Representatives of L E Lundbergföretagen have made the following undertaking. In case repurchases of shares are made to an extent that the holdings of L E Lundbergföretagen and related parties would exceed 90 per cent of the total number of votes in the company, and provided that L E Lundbergföretagen does not dispose of any shares, L E Lundbergföretagen is prepared to convert series C shares into series A shares to an extent resulting in the joint holding falling below 90 per cent of the votes.
Stockholm, September 10, 2020

HUFVUDSTADEN AB (publ)
 

Ivo Stopner
President

 

Questions will be answered by: Ivo Stopner, President, and Åsa Roslund, CFO, telephone +46 (0)8-762 90 00.

This information is such that Hufvudstaden AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 6:00 p.m. CET on September 10, 2020.
 

Hufvudstaden+46-8 762 90 00info@hufvudstaden

https://news.cision.com/hufvudstaden/r/the-board-of-hufvudstaden-has-resolved-on-repurchases-of-own-shares,c3192572

https://mb.cision.com/Main/2433/3192572/1305416.pdf

(c) 2020 Cision. All rights reserved., source Press Releases - English

All news about HUFVUDSTADEN AB (PUBL)
2020HUFVUDSTADEN : Change in number of shares and votes in Hufvudstaden
AQ
2020HUFVUDSTADEN : welcomes ASKET to Biblioteks
PU
2020HUFVUDSTADEN : welcomes
PU
2020HUFVUDSTADEN : Interim Report January - September 2020
AQ
2020HUFVUDSTADEN : winner in 2020 CSI survey
AQ
2020HUFVUDSTADEN : makes changes in the Group Management
AQ
2020HUFVUDSTADEN : Change in number of shares and votes in Hufvudstaden
AQ
2020HUFVUDSTADEN : The Board of Hufvudstaden has resolved on repurchases of own shar..
AQ
2020HUFVUDSTADEN : Half-year Report January-June 2020
AQ
2020HUFVUDSTADEN PUBL : Change in number of shares and votes in Hufvudstaden
AQ
More news
Financials
Sales 2020 1 875 M 225 M 225 M
Net income 2020 -887 M -106 M -106 M
Net Debt 2020 8 079 M 968 M 968 M
P/E ratio 2020 -32,4x
Yield 2020 3,00%
Capitalization 26 098 M 3 125 M 3 126 M
EV / Sales 2020 18,2x
EV / Sales 2021 17,2x
Nbr of Employees 130
Free-Float 49,4%
Chart HUFVUDSTADEN AB (PUBL)
Duration : Period :
Hufvudstaden AB (publ) Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HUFVUDSTADEN AB (PUBL)
Short TermMid-TermLong Term
TrendsNeutralBullishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Average target price 125,33 SEK
Last Close Price 136,30 SEK
Spread / Highest target 5,65%
Spread / Average Target -8,05%
Spread / Lowest Target -20,8%
EPS Revisions
Managers and Directors
NameTitle
Ivo Stopner President
Lars Fredrik Elis Lundberg Chairman
Åsa Roslund Chief Financial Officer & Head-Finance
Claes Gösta Boustedt Independent Director
Peter Arvid Nils Egardt Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
HUFVUDSTADEN AB (PUBL)0.07%3 166
ENTRA ASA-0.98%4 100
CA IMMOBILIEN ANLAGEN AG13.08%3 997
HYSAN DEVELOPMENT COMPANY LIMITED4.39%3 955
CROMWELL PROPERTY GROUP-2.87%1 712
DIC ASSET AG4.46%1 373