Boliden Exercises Share Buy-Back Mandate.GALLIVARE, Sweden -- The Board of Directors of Boliden AB New Boliden is a Swedish mining and smelting company focusing on production of copper, zinc, lead, gold and silver. Following a series of acquisitions during the 1980s and 1990s the company acquired mining and smelting assets of the Finnish mining and smelting company Outokumpu in (STO:BOL BOL Bolivia (ISO Country code) BOL Books Online BOL Bole (SIL code, Nigeria) BOL Bill Of Lading BOL Beginning Of Line BOL Best Of Luck BOL Buzz Out Loud BOL Bruin Online BOL Beginning Of Life ) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:BOL) has resolved to exercise the mandate to buy back the company's own shares granted by the Annual General Meeting of the company. The mandate comprises a maximum of 10 per cent of the outstanding capital stock. There are currently 289.5 million outstanding shares. Between now and the 2008 Annual General Meeting, buy-backs are limited to the shareholders' non-restricted equity within the Parent Company, Boliden AB, which totals SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 2.2 billion after share dividends and share redemption. The aim of the buy-backs is to provide the company with a flexible tool enabling ongoing adjustments to be made to the capital structure, at the time and to the extent deemed appropriate in the light of the then current cash flows and investment requirements. The company's intention is that the acquired shares shall be subject to decision regarding withdrawal at the next Annual General Meeting. Boliden AB currently owns none of its own shares. Boliden is one of the leading mining and smelting companies in Europe with operations in Sweden, Finland, Norway and Ireland. Boliden's main products are copper, zinc, lead and gold and silver. Exploration and recycling of metals are also important within the company. The number of employees is approximately 4 500 and the turnover amounts to approximately EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 3.8 billion annually. Its shares are listed on Stockholmsborsen's Large Cap list and on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. in Canada. This information was brought to you by Cision http://newsroom.cision.com |
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