VALLETTA from Malta, March 8, 2021 / PRNewswire / – During the period of March 1, 2021 until March 5, 2021, Kindred Group plc (“Kindred” or the “Company”), repurchased a total of 704,000 shares / SDRs as part of the buyback program initiated by the Board of Directors with the aim of returning excess cash to shareholders of the Company. The buyback program, announced by Kindred February 26, 2021, is carried out in accordance with Maltese Company Law, EU Market Abuse Regulation No. 596/2014 (“MAR”), European Commission Delegated Regulation No. 2016/1052 (the “Regulation Safe Harbor “) and the applicable rules of Nasdaq’s Nordic Main Market Rules Handbook for Issuers of Shares.
The shares / SDRs were redeemed as follows.
Aggregated daily volume (number of shares)
Weighted average price per day (SEK)
Total Daily Transaction Value (SEK)
March 1, 2021
March 2, 2021
57 562 800
March 3, 2021
5 731 872
March 4, 2021
March 5, 2021
All acquisitions were made on Nasdaq Stockholm by Nordea Bank Abp on behalf of Kindred. Following the above acquisitions, the holding of treasury shares / SDRs by Kindred amounted to 3,675,358 according to March 5, 2021. The total number of shares issued in Kindred is 230,126,200.
Full details of transactions carried out in accordance with Article 5.3 of MAR and Article 2.3 of the Safe Harbor Regulation are attached to this press release. A maximum of 2,000,000 shares / SDRs may be repurchased under the buyback program and the total share repurchases under the program cannot exceed 190,000,000 SEK. For more information on all transactions made under the buyback program, please visit the Nasdaq Stockholm website:
This disclosure contains information that Kindred Group is required to make public in accordance with the EU Market Abuse Regulation (EU nr 596/2014). The information has been submitted for publication, through the contact person, the 08-03-2021 7:30 am CET.
For more information:
Patrick kortman, Head of Corporate Development and Investor Relations, +46 723 877 438
This information was provided to you by Cision http://news.cision.com
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SOURCE Kindred Group