17 May 2010
ASSA ABLOY: Repurchase of shares in the company
The Annual General Meeting
of ASSA ABLOY on 22 April 2010 authorised the Board of Directors
to, on one or more occasions, repurchase Series B shares in the
company for the period up until the next Annual General Meeting.
The repurchase shall comprise so many series B shares that the
company's holding does not at any time exceed 10 per cent of the
total number of shares in the company.
On May 14 2010, the Board of Directors resolved to
utilize the authorisation and acquire a maximum number of 300.000
series B shares. The shares will be purchased over NASDAQ OMX
Stockholm at a price within the registered share price interval at
any given time. Payment of the shares shall be made in cash.
The motive for the repurchase is to ensure the
company's undertakings, including social security costs, in
connection with the long term incentive programme.
ASSA ABLOY does currently not hold any treasury
shares.
For more information, please
contact:
Johan Molin, President and CEO, tel no: +46 8 506
485 42
Tomas Eliasson, CFO and Executive Vice President,
tel no: +46 8 506 485 72
ASSA ABLOY discloses the
information provided herein pursuant to the Securities Markets Act
and/or the Financial Instruments Trading Act. The information was
submitted for publication at 08.00 CET on May 17, 2010.
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