Business News

Repurchase of shares in ReadSoft

Monday 08. June 2009 - The board of directors of ReadSoft AB (publ) has resolved to utilize the authorization the board received from the annual general meeting to repurchase shares in the Company.

At the 2009 annual general meeting, the board of directors was authorized to acquire so many own shares before the 2010 annual general meeting that the Company’s holding at no time exceeds 5% of all shares in the Company. The board of directors has today resolved to instruct executive management to repurchase a total of up to 1,556,672 shares of serie B on appropriate occasions until the 2010 annual general meeting. The purpose of the repurchasing program is to give the Board of Directors possibility to adjust the company’s capital structure and to enable acquisition financing through use of own shares.
The total number of shares in ReadSoft amounts to 32,487,940. ReadSoft presently holds none of its own shares. Acquisition will be made on OMX Nordic Exchange Stockholm at the market value applying on acquisition. For information on the realization of repurchases under this mandate, please refer to www.omxnordicexchange.com on a continual basis. ReadSoft does not intend to issue individual press releases on purchases realized other than when it is under a flagging obligation.