Wallenstam AB (publ) (OM:WALL B) commences share repurchase on October 20, 2023, under the program mandated by the shareholders in the Annual General Meeting held on May 3, 2023. Under the program, the company will repurchase 66,000,000 shares of its own Class B shares, such that its holding in treasury does not exceed 10% of its issued share capital. The acquisition will be at a price within the prevailing price range, which is the spread between the highest purchase price and lowest selling price.

The purpose of the repurchase program is to promote a more efficient capital structure in the company, which is anticipated to have a positive effect on the price of the company?s shares and thus contribute to creating the largest possible return for the shareholders, and to create flexibility in the company?s ability to distribute capital to the shareholders, and to continually adapt the company?s capital structure to its capital requirements at any given time in order to contribute to increased shareholder value, and to enable the financing of acquisitions through payment with the company?s own shares. The share repurchase program shall be valid until the next Annual General Meeting in 2024. As of March 22, 2023, the company had 660,000,000 shares in issue, out of which are 69,000,000 Class A shares, and 591,000,000 Class B shares.