Kindred Group has decided to start exercising the buy-back mandate which was received at the EGM in June 2020.

The buy-back programme will run between 1 March and 30 April 2021 and amounts to a total of up to SEK 190 million.

The Board of Directors of Kindred Group has, empowered by a mandate received at the Extraordinary General meeting on 11 June 2020, decided to initiate a share buy-back programme. The purpose of the programme is to return excess cash to the Company’s shareholders. The programme permits share repurchases being executed during the upcoming closed period ahead of the first quarter interim report publication.

Following repurchase, the intention of the Board  is to cancel the repurchased shares. The cancellation of shares requires approval by the annual general meeting and the Board of Directors intends to seek such approval at the annual general meeting in May 2021.