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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Munters Group AB (publ)    MTRS   SE0009806607

MUNTERS GROUP AB (PUBL)

(MTRS)
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Munters publ : exercises authorisation to repurchase own shares

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07/16/2020 | 01:51pm EDT

The Board of Directors of Munters Group AB ("Munters") has resolved, pursuant to the authorisation granted by the annual general meeting held on 7 May 2020, to repurchase Munters shares on Nasdaq Stockholm. The purpose of the repurchase is to secure the delivery of shares to the participants of Munters' long-term incentive programme which was resolved by the 2020 annual general meeting, and to cover costs related to the programme.

The purchases may be carried out between 18 July 2020 and 21 September 2020 and will be managed by Nordea Bank Abp, which, based on the trading order given by Munters to Nordea Bank Abp, will make its trading decisions concerning the timing of the purchases of Munters shares independently of Munters.

The purchases shall in total comprise a maximum of 685,000 shares on one or several occasions and shall be made on Nasdaq Stockholm in accordance with the Nordic Main Market Rulebook for Issuers of Shares, including within the band of prices applying on Nasdaq Stockholm (as prevailing and disseminated by Nasdaq Stockholm from time to time) and pursuant to the applicable restrictions on volume. Payment for the shares will be made in cash. Reporting will be made through the stock exchange in accordance with applicable rules.

Munters' holding of own shares is 1,852,000 and the total number of outstanding shares in Munters is 183,597,802 as per 16 July 2020.

For more information, please contact:

Ann-Sofi Jönsson, Investor Relations and Enterprise Risk Management
E-mail: ann-sofi.jonsson@munters.se
Phone: +46 (0)730 251 005

About Munters Group

Munters is a global leader in energy efficient air treatment and climate solutions. Using innovative technologies, Munters creates the perfect climate for customers in a wide range of industries. Munters has been defining the future of air treatment since 1955. Today, around 3,100 employees carry out manufacturing and sales in more than 30 countries. Munters Group AB reports annual net sales of more than SEK 7 billion and is listed on Nasdaq Stockholm. For more information, please visit www.munters.com (https://www.munters.com/link/69d1a61df0bf45db94f8be2f6e143311.aspx).

https://news.cision.com/munters-group-ab/r/munters-exercises-authorisation-to-repurchase-own-shares,c3155649

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

Stocks mentioned in the article
ChangeLast1st jan.
MUNTERS GROUP AB (PUBL) 0.93% 64.8 Delayed Quote.32.08%
NORDEA BANK ABP. -0.41% 66.31 Delayed Quote.-12.33%
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Financials
Sales 2020 6 945 M 761 M 761 M
Net income 2020 349 M 38,2 M 38,2 M
Net Debt 2020 2 641 M 289 M 289 M
P/E ratio 2020 34,2x
Yield 2020 0,85%
Capitalization 11 777 M 1 290 M 1 290 M
EV / Sales 2020 2,08x
EV / Sales 2021 1,89x
Nbr of Employees -
Free-Float 72,7%
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Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 65,25 SEK
Last Close Price 64,80 SEK
Spread / Highest target 20,4%
Spread / Average Target 0,69%
Spread / Lowest Target -27,5%
EPS Revisions
Managers
NameTitle
Klas Forsström President, Chief Executive Officer & Director
Carl Magnus Lindquist Chairman
Annette Kumlien Chief Financial Officer & Group Vice President
Paul Dinnage Head-Innovation & Technology
Per Mikael Hallius Independent Director
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