The Annual General Meeting gave Investment AB Latour’s Board the authority to decide to buy back company shares.
This mandate allows the Board to decide until the next Annual General Meeting – if it is considered appropriate – to buy back company shares. The purpose of buying back shares is to give the Board greater freedom in their work to create value for the company’s shareholders. According to the decision the buy back is limited to a maximum of 10 percent of share capital, which follows current legislation. The Annual General Meeting has given the Board the right to use the company’s own shares to pay for acquisitions.
Share buy back
| Transaction year | Change in no. of shares | Change in no. of shares |
|---|---|---|
| Total number of bought back shares 2000-2006 | 8,352,500 | |
| Withdrawal 2001 | -4,028,700 | 4,323,800 |
| Withdrawal 2004 | -4,203,800 | 120,000 |
| Adjusted for split june 2007 | 240,000 | 360,000 |
| Share buy-backs 2007 | 100,000 | 460,000 |
| Share buy-backs 2012 | 237,000 | 697,000 |
| Divestment through exercise of call options 2013 | -115,000 | 582,000 |
| Divestment through exercise of call options 2014 | -115,000 | 467,000 |
| Divestment through exercise of call options 2015 | -64,500 | 402,500 |
| Divestment through exercise of call options 2016 | -79,000 | 323,500 |
| Divestment through exercise of call options 2017 before split | -72,500 | 251,000 |
| Adjusted for split june 2017 | 753,000 | 1,004,000 |
| Divestment through exercise of call options 2017 after split | -12,000 | 992,000 |
| Divestment through exercise of call options 2018 | -269,500 | 722,500 |
| Divestment through exercise of call options 2019 | -165,000 | 557,500 |
| Divestment through exercise of call options 2020 | -97,000 | 460,500 |
| Divestment through exercise of call options 2021 | -93,300 | 367,200 |
| Share buy-backs 2021 | 150,000 | 517,200 |
| Divestment through exercise of call options 2022 | -102,300 | 414,900 |
| Share buy-backs 2022 | 100,000 | 514,900 |
| Divestment through exercise of call options 2023 | -87,700 | 427,200 |
| Share buy-backs 2023 | 125,000 | 552,200 |
| Divestment through exercise of call options 2023 | -130,450 | 421,750 |
| Share buy-backs 2024 | 100,000 | 521,750 |
| Holdings' own shares | 521,750 | |
| Number of issued shares | 639,840,000 | |
| Number of outstanding shares | 639,318,250 |