Repurchase of own shares
The share buy-back program covered up to SEK 300 million until the next Annual General Meeting. After the buy-back program, Kungsleden's own shares amounts to 3,361,006 shares corresponding to 1.5 per cent of the capital.
Kungsleden has been a subsidiary of Castellum AB (publ) since 15 November 2021. As of November 19, 2021, Castellum controls a total of approximately 96.5 percent of the outstanding share capital and votes in Kungsleden. The last day for trading in Kungsleden AB (publ)'s shares on Nasdaq Stockholm is December 3, 2021.
The aim of the buy-back programme is to optimise the company’s capital structure, thereby increasing shareholder value. The repurchased shares shall be held in treasury and may be used for, amongst others, the financing of potential future property acquisitions. Kungsleden’s financial position is nonetheless deemed strong and capable of providing the headroom to continue to develop the business, even after completion of the resolved share buy-back. Kungsleden currently holds no shares in treasury.