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    MIPS   SE0009216278

MIPS AB (PUBL)

(MIPS)
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Real-time Estimate Quote. Real-time Estimate Cboe Europe - 08/03 11:29:45 am
943 SEK   +0.43%
07/23MIPS : Interim Report
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07/22MIPS : Interim report January – June 2021
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07/22MIPS : Interim report January - June 2021
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MIPS' : Board of Directors has decided to repurchase own shares

11/22/2020 | 02:09pm EDT

Pursuant to its mandate from the Annual General Meeting held on May 7, 2020, the Board of Directors of MIPS AB (publ) has decided to repurchase own shares.

The reason for the mandate to repurchase own shares, and the Board of Directors' decision to utilize this mandate, is to ensure the delivery of shares in connection with MIPS' outstanding long-term performance share plan, LTIP 2020. 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 until the next Annual General Meeting.
  • A maximum of 7,000 shares may be acquired.
  • Acquisitions of shares are to be conducted on Nasdaq Stockholm at a price per share within the registered share price range on each occasion, by which is meant the difference between the highest buying price and the lowest selling price.
  • Payment for the shares shall be made in cash.

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

At the date of issue of this press release, the total number of MIPS shares was 26,183,620. MIPS does not hold any own shares at the time of this press release.

For more information, please contact:

Max Strandwitz, President and CEO
Max.Strandwitz@Mipsprotection.com
tel +46 709 61 17 54

Karin Rosenthal, CFO
Karin.Rosenthal@Mipsprotection.com
tel +46 768 34 63 66

About MIPS

MIPS specializes in helmet-based safety and protection of the brain and is the world-leader in this area. Based on an ingredient brand business-model, MIPS Brain Protection System (BPS) is sold to the global helmet industry. The technology is based on over 20 years of research and development together with the Royal Institute of Technology and the Karolinska Institute, both located in Stockholm, Sweden. MIPS' headquarter with 42 employees engaged in research and development, sales, marketing and administration is in Stockholm, where its product and technology test facility also is located. The MIPS share is listed on Nasdaq Stockholm. For more information: www.mipscorp.com



MIPS' Board of Directors has decided to repurchase own sharesarrow_backward Back

Disclaimer

MIPS AB published this content on 22 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 November 2020 19:08:01 UTC


ę Publicnow 2020
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Financials
Sales 2021 535 M 62,2 M 62,2 M
Net income 2021 215 M 25,0 M 25,0 M
Net cash 2021 393 M 45,7 M 45,7 M
P/E ratio 2021 115x
Yield 2021 0,48%
Capitalization 24 686 M 2 868 M 2 870 M
EV / Sales 2021 45,4x
EV / Sales 2022 35,4x
Nbr of Employees 74
Free-Float 100,0%
Chart MIPS AB (PUBL)
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Technical analysis trends MIPS AB (PUBL)
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Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 2
Last Close Price 943,00 SEK
Average target price 990,00 SEK
Spread / Average Target 4,98%
EPS Revisions
Managers and Directors
Max Strandwitz President & Chief Executive Officer
Karin Mari Bohlin Rosenthal Chief Financial Officer
Jan Magnus Welander Chairman
Hans Peter Halldin Chief Science Officer
Shuyi Isaksson Head-Operations
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