Share buy-back program
The share buy-back program aims to adapt the company’s capital structure and contribute to increased shareholder value. Byggmax will also after the repurchase of own shares have a strong financial position that enables the company’s growth strategy going forward. Byggmax dividendpolicy is to distribute at least 50 percent of profit for the period provided that net cash is sufficient to drive and develop operations.
Buy-back program 2021
The Annual General Meeting resolved on 6 May 2021 to authorise the Board to decide to repurchase the company’s own shares. Based on this authorisation, the Board has decided to initiate a buy-back program comprising not more than 3,049,900 shares to a maximum amount of SEK 200 million.
Shares in Byggmax have been repurchased as follows: