Enea AB Repurchases 22,505 Shares as Part of Capital Structure Adjustment Plan

Enea AB Repurchases 22,505 Shares as Part of Capital Structure Adjustment Plan

(IN BRIEF) Between December 18 and 22, 2023, Enea AB (publ) has repurchased a total of 22,505 of its own shares (ISIN: SE0009697220) as part of the share buyback program initiated with authorization from the Annual General Meeting in 2023. The program, which aims to adapt the company’s capital structure to its evolving capital requirements and enhance shareholder value, is set to repurchase shares up to SEK 25 million and was announced on October 26, 2023. It operates under the guidelines of the EU Market Abuse Regulation (MAR) and Commission Delegated Regulation 2016/1052 (Safe Harbour Regulation) and will run from October 27, 2023, to January 31, 2024. The repurchased shares are expected to be canceled through resolutions at forthcoming Annual General Meetings. After these repurchases, Enea holds a total of 805,208 shares, including 562,208 ordinary shares and all 243,000 outstanding series C shares, out of a total of 21,858,231 shares in the company, with 21,053,023 outstanding shares excluding the own shares. Detailed transaction information is available in an attached breakdown.

(PRESS RELEASE) STOCKHOLM, 28-Dec-2023 — /EuropaWire/ — During the period December 18 – 22, 2023, Enea AB (publ) has repurchased in total 22,505 own shares (ISIN: SE0009697220) within the framework of the authorization from the Annual General Meeting 2023 to repurchase own shares. The purpose of the repurchase program is to enable the company to adapt its capital structure to its capital needs over time, thereby contributing to increased shareholder value. The intention is that the repurchased shares will be withdrawn by resolution at upcoming Annual General Meetings.

The repurchases are part of the share buyback program of up to SEK 25 million that was announced on October 26, 2023. The program, which runs during the period October 27, 2023 – January 31, 2024, is being carried out in accordance with the EU Market Abuse Regulation (MAR) and Commission Delegated Regulation 2016/1052 (the so-called Safe Harbour Regulation).

The shares have been repurchased as follows:

All the repurchases have been carried out on Nasdaq Stockholm by DNB on behalf of Enea.

The total number of shares in Enea amounts to 21,858,231, of which 21,615,231 are ordinary shares with 1 vote each and 243,000 are series C shares with 1/10 vote each. Following the above repurchases, Enea holds a total of 562,208 ordinary shares and all 243,000 outstanding series C shares, corresponding to a total of 805,208 shares, as of December 22, 2023. The number of outstanding shares, excluding the own shares, is 21,053,023.

A full breakdown of the transactions is attached to this announcement.

About Enea

Enea is a world-leading specialist in software for telecom and cybersecurity. The company’s cloud-native solutions connect, optimize, and secure services for mobile and fixed subscribers, enterprises, and the Internet of Things. More than 100 communication service providers and 4.5 billion people rely on Enea technologies every day.

Enea has strengthened its product portfolio and global market position by integrating a number of acquisitions, including Qosmos, Openwave Mobility, Aptilo Networks, and AdaptiveMobile Security.

Enea is headquartered in Stockholm, Sweden, and is listed on Nasdaq Stockholm.

For more information: www.enea.com

Media Contact:

Ulf Stigberg, CFO
Phone: +46 8 507 140 00
E-mail: ir@enea.com

SOURCE: Enea