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Atlas Copco Initiates Repurchase and Sale of Own Shares.


STOCKHOLM, Sweden -- Regulatory News:

The Board of Directors of Atlas Copco Atlas Copco is a Swedish industrial company that was founded in 1873. It manufactures industrial tooling and equipment.

The Atlas Copco Group, founded already in 1873, is a global industrial group of companies headquartered in Stockholm, Sweden.
 AB (STO STO Store (calculator function)
STO Société de Transport de l'Outaouais (French)
STO Strategic Technology Office (DARPA)
STO Security Through Obscurity
STO Service to Others
:ATCOA) (STO:ATCOB) has decided to utilize the mandates to purchase and sell own shares granted yesterday at the Annual General Meeting (AGM AGM annual general meeting

AGM n abbr (= annual general meeting) → AG f

AGM n abbr (= annual general meeting) → JHV f 
). The decision was taken at the Statutory Board meeting, held immediately after the AGM.

The AGM authorized au·thor·ize  
tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es
1. To grant authority or power to.

2. To give permission for; sanction:
 the Board to decide on the purchase and sale of the company's own shares in order to be able to continuously adapt the capital structure of the company and to give the possibility to transfer shares to the employees and to secure the costs, including social security payments, in connection with the personnel option programs for 2008 and 2006 and with the allocation of synthetic shares as part of the remuneration REMUNERATION. Reward; recompense; salary. Dig. 17, 1, 7.  to the Board members.

The mandates, which are granted until the next AGM, gives the Board authority to decide, on one or more occasions, on the purchase and sale of shares. The shares may only be purchased or sold on the Stockholm Stock Exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries.  and only be purchased or sold at a price per share within the registered interval at any given point in time. The purchase of shares may be made by maximum the number of series A shares or series B shares or a combination of those that the company's possession of shares after each purchase does not exceed 10% of the total number of the shares issues by the company.

The company has issued in total 1,229,613,104 shares of which 839,394,096 are series A shares, of which the company holds 6,400,000, and 390,219,008 are series B shares, of which the company holds 2,428,400.

Anders Ullberg, Ulla Litzen and Sune Carlsson will form a Board committee to provide support to Group Management in the implementation of this decision.

Atlas Copco 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 08:45 on April 25, 2008.

Atlas Copco is a world leading provider of industrial productivity solutions. The products and services range from compressed air compressed air, air whose volume has been decreased by the application of pressure. Air is compressed by various devices, including the simple hand pump and the reciprocating, rotary, centrifugal, and axial-flow compressors.  and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket Aftermarket

See: Secondary market.


aftermarket

See secondary market.
 and rental. In close cooperation with customers and business partners, and with 135 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group's global reach spans more than 160 markets. In 2007, Atlas Copco had 33 000 employees and revenues of BSEK 63 (BEUR 6.7). Learn more at www.atlascopco.com.

This information was brought to you by Cision http://newsroom.cision.com
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Publication:Business Wire
Date:Apr 25, 2008
Words:442
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