The Board of Holmen has resolved to buy back shares

The Board of Directors of Holmen has decided to exercise its authorisation from the Annual General Meeting held on 28 March 2023 to buy back own shares.

Repurchases may amount to a maximum of 3 million shares of series B during the period from and including 3 May 2023 until the next annual general meeting, on one or several occasions. The shares will be bought on Nasdaq Stockholm in accordance with its Issuer Rules, at a price per share within the price range on Stockholm Nasdaq at any given time, by which is meant the range between the highest buying price and the lowest selling price published continuously by Nasdaq Stockholm.

The purpose of the repurchase is to adjust the Group’s capital structure to thereby create increased value for the company’s shareholders. Even after a repurchase of shares, the Group’s financial position is considered to be strong and fully adequate to continue to develop the business.

At the time of this press release, Holmen holds 510 646 of its own shares in treasury, corresponding to 0.3 per cent of the total number of shares in the company.
https://www.holmen.com/en/newsroom/press/press-releases/2023/the-board-of-holmen-has-resolved-to-buy-back-shares/

Related Posts

UPM continues to grow in the global label paper business

As the world leader in label papers, UPM continues to grow in the attractive release liner segments to support its customers globally. Steady growth is expected to continue in all markets driven by favourable economic conditions and strong increase in specialty paper demand for labelling, packaging and e-commerce as well as in medical and hygiene applications. To strengthen its position UPM will rebuild paper machine 2 at its Nordland mill in Dörpen, Germany and convert it from fine paper to glassine paper production. The machine will be equipped with new finishing equipment and starts producing glassine paper as of Q4 2019. The planned capacity after the rebuild will be 110,000 tonnes per year. The total investment in Nordland is EUR 116 million. The production of woodfree papers on PM2 in Nordland will continue until Q3 2019 and the machine will be producing both glassine and woodfree paper during the ramp-up phase. Click Read More below for additional information.

Neenah Reports Second Quarter 2017 Results

"Each of our businesses delivered top line growth in the second quarter, overcoming currency headwinds and global capacity constraints as we ramp-up our new U.S. filtration capacity. Customer qualification of this filtration facility continues to progress well and start-up costs of $3 million in the quarter were in line with projections. Bottom line results also reflected a timing lag as we implement selling price increases to offset the rise in input costs in the first half of the year," said John O'Donnell, Chief Executive Officer. "With our strong financial position and continued success in targeted categories like filtration, performance materials and premium packaging, we remain confident about future investment opportunities for organic and strategic growth that can deliver value for our shareholders."

Green Bay, Wisconsin, Mill Selected For Georgia-Pacific Investment To Grow Tissue And Towel Business

Georgia-Pacific announced significant investments, which total more than $500 million, at its Green Bay, Wisconsin, Broadway mill. The investments will greatly enhance the company's retail consumer tissue and towel business. Investments to the Green Bay mill include building a new paper machine using through-air-dried (TAD) technology, as well as adding associated converting equipment and infrastructure. Engineering and related work is beginning immediately, with startup of the new machine scheduled for the first half of 2024. Approximately 150 jobs will be created to operate the new papermaking complex, in addition to the mill's 850 current employees. The project will have as many as 500 construction and contract-related workers onsite at the mill, fluctuating with project timeline.
Back To Top
×Close search
Search