Ambu has decided to carry out a share buyback programme, which comprises 3,850,000 Class B shares with an estimated value of approx. DKK 500m at a price of 130 per share. The share buy back programme is initiated to cover the recently launched share-based incentive programmes as described in company announcement no. 11 2017/18 issued on 22 December 2017.

The share buyback is covered by the provisions set out in European Commission Regulation No. 596/2014 of 16 April 2014, also called the 'Safe Harbour rules' and will be launched on 1 February 2018 and be completed by 30 April 2018. The programme will be carried out under the authorisation already granted by the annual general meeting, allowing Ambu to acquire up to 10% treasury shares. The acquired shares will be placed in a custody account and treated as a portfolio of treasury shares for accounting purposes.

At the end of Q1 2017/18, Ambu's existing portfolio of Class B treasury shares stood at 5,655,945, corresponding to 2.264% of the share capital. The acquisition of an additional 3,850,000 Class B shares, corresponding to 1.541% of the share capital, will increase the total portion of treasury shares to 3.805% of the share capital (Class A and Class B shares).

The following has been agreed for Ambu's share buyback programme

  1. The total share buyback is 3,850,000 shares which must not exceed a value of DKK 560m.
  2. The share buyback will be carried out in accordance with NASDAQ Copenhagen's guidelines for issuers as well as European Commission Regulation No. 596/2014 of 16 April 2014.
  3. Ambu has appointed ABG Sundahl Collier to handle the share buyback, and ABG Sundahl Collier will purchase shares and make trading decisions independently and without the influence of Ambu within the specified time frame.
  4. The share buyback will be carried out in the period from 1 February 2018 up to and including 30 April 2018.

On every seventh trading day at the latest, Ambu will announce the number of shares bought back and their value via a company announcement to NASDAQ Copenhagen. Ambu is entitled to discontinue the programme at any time. Any such decision will be communicated via a company announcement to NASDAQ Copenhagen.

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You can download this company announcement: Share buyback to cover incentive programmes (pdf)

Ambu A/S published this content on 31 January 2018 and is solely responsible for the information contained herein.
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