Share buy back
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.
| Total number of bought back shares 2000-2006 | 8,352,500 |
|---|---|
| Withdrawal 2001 * | -4,028,700 |
| Withdrawal 2004 * | -4,203,800 |
| Holdings’ own shares 2006-12-31 | 120,000 |
| Adjusted for split june 2007 | +240,000 |
| Share buy-backs 2007 | 100,000 |
| Holdings' own shares | 460,000 |
| Number of issued shares | 131,460,000 |
| Number of outstanding shares | 131,000,000 |