EQT AB to Repurchase up to 1.8 Million Shares as part of Share Allocation Program

EQT AB to Repurchase up to 1.8 Million Shares as part of Share Allocation Program

(IN BRIEF) EQT AB has announced its plan to repurchase a maximum of 1,800,000 of its own ordinary shares, amounting to a total maximum value of SEK 500,000,000. The decision was made in accordance with the authorization granted by the Annual Shareholders’ Meeting. The repurchase program aims to allocate shares to EQT’s Board members and adjust the company’s capital structure through share cancellations. The program will adhere to regulatory frameworks and will be managed by Skandinaviska Enskilda Banken AB. The repurchases will be conducted on Nasdaq Stockholm within a specified price range and volume restrictions. EQT currently does not hold any shares in its own equity.

(PRESS RELEASE) STOCKHOLM, 14-Jul-2023 — /EuropaWire/ — EQT AB, a purpose-driven global investment organization, announces that it has made the decision to repurchase a maximum of 1,800,000 of its own ordinary shares, with a total maximum value of SEK 500,000,000. This resolution is in accordance with the authorization granted by the Annual Shareholders’ Meeting held on 30 May 2023, which permits the repurchase of own shares.

The objectives of the repurchase program include the allocation of shares to EQT’s Board members and the adjustment of EQT’s capital structure through the cancellation of shares. The repurchase program will be conducted in compliance with the Market Abuse Regulation (EU) No 596/2014 (“MAR”) and the Commission Delegated Regulation (EU) No 2016/1052 (the “Safe Harbour Regulation”). Skandinaviska Enskilda Banken AB (“SEB”) will oversee the management of the repurchase program, making independent trading decisions regarding the timing of acquisitions based on EQT’s trading order to SEB.

The repurchase program, as determined by the Board, is subject to the following terms:

• Repurchases will be executed exclusively on Nasdaq Stockholm, in line with Nasdaq Stockholm’s Rulebook for Issuers of Shares, as well as in accordance with MAR and the Safe Harbour Regulation.
• The repurchases may occur on one or multiple occasions between 17 July and 25 August 2023.
• Repurchases will only be made within the price range specified by the prevailing trading interval on Nasdaq Stockholm, which refers to the highest buying price and the lowest selling price continuously disseminated by Nasdaq Stockholm. Price restrictions outlined in the Safe Harbour Regulation will also be observed.
• Repurchases will be carried out in accordance with the volume restrictions for acquisitions of own shares stated in the Rulebook and the Safe Harbour Regulation.
• A maximum of 1,800,000 own ordinary shares (0.2% of EQT’s share capital, corresponding to approximately SEK 390,000,000 based on the closing price for EQT’s share on Nasdaq Stockholm on 13 July¹) may be repurchased, with a total maximum value of SEK 500,000,000.
• Payment for the shares will be made in cash.

As of the date of this press release, EQT does not hold any shares in its own equity. The total number of shares in EQT is 1,186,623,591, comprising 1,185,028,524 ordinary shares and 1,229,661 class C shares.

¹ SEK 218.8 / share.

Media contact

Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

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 today has EUR 126 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 20 countries across Europe, Asia and the Americas and more than 1,800 employees.

More info: www.eqtgroup.com

SOURCE: EQT AB