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Repurchase of own shares

2012-02-15 17:35
Regulatory

Lagercrantz Group has on 15 February 2012 repurchased 200,000 of its own Series B shares at an average price of SEK 55.00 meaning that Lagercrantz Group’s holding of own shares held in treasury amounts to 956,300 Series B shares, corresponding to 4.1 percent of the shares and 2.9 percent of the votes in the company. The total number of shares in Lagercrantz Group amounts to 23,173,309, of which 1,094,654 Series A shares.

The purpose of repurchases is to adapt the Group’s capital structure and to make possible future acquisitions of companies and businesses with payment in the form of shares in the company, and to cover the company’s obligations under the incentive programme resolved.

Stockholm, 15 February 2012

 

Lagercrantz Group AB (publ)

 

 

For further information, contact:
Jörgen Wigh, President & CEO, Lagercrantz Group AB, telephone +46 8 700 66 70
Bengt Lejdström, CFO, Lagercrantz Group AB, telephone +46 8 700 66 73

 

LAGERCRANTZ GROUP IN BRIEF
   Lagercrantz Group is a technology group in electronics, electrics, communication and adjacent areas. The Group operates in a decentralised mode with value-creating sales in close proximity to its customers and markets and has a leading position in several expansive niches.
   Operations are organised in three divisions. Division Electronics is primarily involved in marketing solutions in wireless industrial communication and embedded systems. Division Mechatronics offers electro-mechanical components and production of cable harnesses, electrical connection, electrical installation material and niche steel products. Division Communications provides solutions in digital image transmission/technical security, design software and access products. Manufacturing companies are the primary customers. Lagercrantz is today represented in eight countries in Northern Europe, and in China.
   The Group has sales of more than MSEK 2,000 and has approximately 700 employees. Lagercrantz is listed on NASDAQ OMX Stockholm Exchange, segment Small Cap. Additional information is available at www.lagercrantz.com.