The Board of BillerudKorsnäs has resolved on share repurchases
The Board of BillerudKorsnäs has resolved to exercise the authorization granted to it by the Annual General Meeting on 15 May 2018, regarding repurchase of own shares. At the time of this press release, BillerudKorsnäs has 1 184 191 own shares in treasury.
Repurchases may take place on one or more occasions during the period from 15 June 2018 until the next Annual General Meeting, up to a maximum amount of 335,000 shares. Repurchases shall be made on Nasdaq Stockholm at a price per share that is within the registered interval at any given time, i.e. the interval between the highest buying price and lowest selling price. Payment for the shares shall be made in cash.
The purpose of the repurchase is to secure future delivery of shares to the participants in BillerudKorsnäs’ long term share based incentive programs.