Scandic Hotels Group Buys Back Over 211,000 Shares in Week 11
Scandic Hotels Group AB repurchased 211,482 of its own shares between March 10 and March 14, 2025. These buybacks are part of the company's SEK 300 million share repurchase program.
Scandic Hotels Group AB acquired 211,482 of its own shares during the week of March 10 to March 14, 2025, continuing its share buyback program. The company's Board of Directors initiated the program, which is part of a larger SEK 300 million initiative.
The buyback program, originally launched on December 9, 2024, and scheduled to conclude by March 31, 2025, adheres to EU Market Abuse Regulations. All transactions were executed on Nasdaq Stockholm by Nordea on behalf of Scandic.
For the eleventh week of 2025, the repurchased shares had a weighted average price of 78.07 SEK. The total value of these weekly acquisitions amounted to approximately SEK 16.5 million. Cumulatively, the program has now repurchased over 3.5 million shares.
Following these transactions, Scandic Hotels Group holds 3,516,482 of its own shares. The total number of shares issued by the company, including treasury shares, stands at 219,157,922.