Enea Repurchases Own Shares in SEK 25 Million Buyback Program

Enea Repurchases Own Shares in SEK 25 Million Buyback Program

(IN BRIEF) Enea AB (publ), a telecom and cybersecurity software specialist, has repurchased 24,477 of its own shares within the framework of an authorized share buyback program. The purpose of the program is to adjust the company’s capital structure over time and enhance shareholder value. Enea intends to withdraw the repurchased shares by resolution at upcoming Annual General Meetings. The share buyback program is part of an initiative announced on July 18, 2023, and will run until October 25, 2023.

(PRESS RELEASE) STOCKHOLM, 8-Aug-2023 — /EuropaWire/ — During the period July 31 – August 4, 2023, Enea AB (publ) has repurchased in total 24,477 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 The intention is that the repurchased shares will be withdrawn by resolution at upcoming Annual General Meetings.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 82,746 ordinary shares and all 243,000 outstanding series C shares, corresponding to a total of 325,746 shares, as of August 4, 2023. The number of outstanding shares, excluding the own shares, is 21,532,485.

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