Synsam AB (OM:SYNSAM) commences an Equity Buyback Plan for 14,055,000 shares, representing 9.37% of its issued share capital, under the authorization approved on April 25, 2023.
February 21, 2024 at 01:30 am EST
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Synsam AB (publ) (OM:SYNSAM) commence a share repurchase program on December 15, 2023, under the program mandated by the shareholders in the Annual General Meeting held on April 25, 2023. As per the mandate, the company is authorized to repurchase up to 14,055,000 shares, representing 9.37% of its issued share capital, such that the total number of own shares held by the company at any given time does not exceeds 10% of the total number of shares in the company. As of March 17, 2023, the company had 150,000,000 shares outstanding (excluding treasury) and 945,000 shares in treasury.
On November 17, 2023, the company announced a share repurchase program. Under the program, the company will repurchase not more than 1,455,000 own shares. The repurchased shares will be used to secure delivery of shares to participants in the Company's long-term incentive program LTIP 2023. The shares will be repurchased at a price within the range between the highest bid price and lowest ask price at any given time. The repurchases will commence from November 20, 2023, until and including March 31, 2024.
Synsam AB (publ) is a Sweden-based lifestyle company in optical retail and eye health. The Company operates stores in Sweden, Denmark, Norway, Finland, Iceland and the Faroe Islands. The store network is complemented by a presence online presence via Synsam, Profil Optik and Ai's own websites and social media, where customers can buy products, book eye exams, manage their subscriptions, or try glasses directly in the mobile phone. The Company has a range of glasses, sunglasses, sports glasses and contact lenses that include both Synsamâs own and other well-known brands. The offering also includes glasses and contact lens subscriptions, eye examinations, both physical and online, and personal style advice when trying on glasses.
Synsam AB (OM: SYNSAM) commences an Equity Buyback Plan for 14,055,000 shares, representing 9.37% of its issued share capital, under the authorization approved on April 25, 2023.
SYNSAM AB 
