EQT AB Advances Share Buyback Strategy with Significant Repurchases, Strengthens Shareholder Value

EQT AB Advances Share Buyback Strategy with Significant Repurchases, Strengthens Shareholder Value

(IN BRIEF) EQT AB has continued its share buyback program, repurchasing 371,231 of its own ordinary shares between August 12 and August 16, 2024, as part of a larger initiative to enhance shareholder value. The repurchases are part of a program allowing for the buyback of up to 2 million shares with a total value of up to SEK 1 billion. So far, EQT has repurchased 1.61 million shares, totaling over SEK 523.7 million. This strategic move aims to increase earnings per share and reflects the company’s confidence in its long-term growth prospects.

(PRESS RELEASE) STOCKHOLM, 20-Aug-2024 — /EuropaWire/ — EQT AB, a leading global investment organization with Nordic roots and a significant global presence, has continued its strategic share repurchase program, acquiring 371,231 of its own ordinary shares between August 12 and August 16, 2024. This move is part of a larger initiative aimed at reinforcing shareholder value and optimizing the company’s capital structure.

The repurchases, executed through Nasdaq Stockholm by Skandinaviska Enskilda Banken AB on behalf of EQT, are a key component of the company’s ongoing share buyback program. This program, initiated on July 19, 2024, allows for the repurchase of up to 2,000,000 ordinary shares with a maximum total value of SEK 1 billion. The program is scheduled to run until August 23, 2024.

During the 33rd week of 2024, EQT successfully repurchased shares at an average price of SEK 321.35 per share, amounting to a total transaction value of approximately SEK 119.3 million. This latest tranche brings the total number of shares repurchased under the program to 1,610,746, with an aggregate transaction value of over SEK 523.7 million.

The strategic repurchase of shares underscores EQT’s commitment to enhancing shareholder returns and reflects confidence in the company’s long-term growth prospects. By reducing the number of outstanding shares, EQT aims to increase earnings per share and deliver greater value to its investors.

EQT’s approach to active ownership and its long-term commitment to sustainable value creation is deeply rooted in the company’s history and values. With operations across more than 25 countries and a robust portfolio of assets under management, EQT continues to leverage its expertise to drive innovation and growth across multiple sectors globally.

For more information on EQT’s activities and strategic initiatives, visit the company’s website at www.eqtgroup.com.

About EQT
EQT is a purpose-driven global investment organization focused on active ownership strategies. With a Nordic heritage and a global mindset, EQT has a track record of almost three decades of developing companies across multiple geographies, sectors and strategies. EQT has investment strategies covering all phases of a business’ development, from start-up to maturity. EQT has EUR ‌​​246 billion in total assets under management (EUR ‌​​‌133 billion in fee-generating assets under management), within two business segments – Private Capital and Real Assets.

With its roots in the Wallenberg family’s entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.

The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in more than 25 countries across Europe, Asia and the Americas and has more than 1,800 employees.

More info: www.eqtgroup.com
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Media Contacts:

Olof Svensson
Head of Shareholder Relations
+46 72 989 09 15

EQT Press Office
press@eqtpartners.com
+46 8 506 55 334

Source: EQT