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H&M to restructure company’s capital through shares buyback program

  

Hennes & Mauritz (H&M) AB has decided to acquire the company’s own B shares worth SEK 3 billion in order to transfer capital to the shareholders and adjust the company’s capital structure. The brand will execute the buyback program in accordance with the EU Market Abuse Regulation (MAR) and Commission Delegated Regulation. It will hire a management firm or credit insituutio to manage this share acquisitions.

The share buyback will be executed on Nasdaq Stockholm in accordance with its Rule Book for Issuers, MAR and the Safe Harbour Regulation. The shares shall be purchased at a per-share price within the price range (spread) on Nasdaq Stockholm applicable from time to time, meaning the spread between the highest purchase price and the lowest selling price prevailing and disseminated by Nasdaq Stockholm from time to time.

The program began on June 29, 2022 and will conclude on November 30, 2022. Payment for the shares will be made in cash.

 
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