Enea Completes Share Buybacks to Enhance Capital Structure and Shareholder Value

Enea Completes Share Buybacks to Enhance Capital Structure and Shareholder Value

(IN BRIEF) Enea AB (publ) conducted share buybacks between August 7-11, 2023, repurchasing a total of 25,289 own shares under the authorization from the Annual General Meeting 2023. The purpose of the repurchase program is to adjust the company’s capital structure to its capital needs over time and enhance shareholder value. The repurchased shares are expected to be withdrawn by resolution at future Annual General Meetings. The buybacks are part of a share buyback program of up to SEK 25 million announced on July 18, 2023, and are carried out in compliance with EU Market Abuse Regulation and Safe Harbour Regulation. The shares were repurchased through Nasdaq Stockholm by DNB on behalf of Enea. Following these repurchases, Enea holds a total of 108,035 ordinary shares and all 243,000 outstanding series C shares.

(PRESS RELEASE) STOCKHOLM, 15-Aug-2023 — /EuropaWire/ — During the period August 7-11, 2023, Enea AB (publ) has repurchased in total 25,289 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 The intention is that the repurchased shares will be withdrawn by resolution at upcoming Annual General Meetings.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 July 18, 2023. The program, which runs during the period July 19 – October 25, 2023, 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 108,035 ordinary shares and all 243,000 outstanding series C shares, corresponding to a total of 351,035 shares, as of August 11, 2023. The number of outstanding shares, excluding the own shares, is 21,507,196.

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

SOURCE: Enea