Atlas Copco Initiates Repurchase of Own Shares.STOCKHOLM, Sweden -- The Board 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:ATCOA) (STO:ATCOB) has decided to use the mandate granted by the AGM AGM annual general meeting AGM n abbr (= annual general meeting) → AG f AGM n abbr (= annual general meeting) → JHV f 2006 and implement a program for the repurchase re·pur·chase tr.v. re·pur·chased, re·pur·chas·ing, re·pur·chas·es To buy (something) again. n. The act of buying something that one previously sold or owned. Noun 1. of shares on one or more occasion before the next AGM. The mandate covers repurchase of series A or B-shares, or any combination thereof, 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. to a maximum of 10 % of the total number of issued shares. Purchase of shares can only be made at a price per share that falls within the registered price range at each given time. The purpose of the program is to continuously be able to adjust the capital structure of the company and thereby contribute to an increased shareholder value. Purchased shares are intended to be declared invalid on the proposal from the Board at a later General Meeting. Today Atlas Copco does not own any of its own shares. Repurchases are subject to market conditions, regulatory restrictions and capital situation at any given time. Until the AGM 2007, repurchases of shares under the present mandate are limited to the 2005 non-restricted equity of Atlas Copco AB, less this year's dividend, i.e. BSEK 6.8. The number of outstanding shares issued is presently 419,7 million A-shares and 209,1 million B-shares for a total of 628,8 million shares. 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 more than 130 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group's global reach spans more than 150 markets. In 2005, Atlas Copco had 27 000 employees and revenues of BSEK 53 (MEUR MEUR Million Euros 5 600). Learn more at www.atlascopco.com. This information was brought to you by Waymaker http://www.waymaker.net |
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