Scandic Hotels Group Repurchases Own Shares in Week 9, 2025
Scandic Hotels Group AB repurchased 225,000 of its own shares between February 24 and February 28, 2025, as part of its ongoing share buyback program. The transactions were executed on Nasdaq Stockholm.
Scandic Hotels Group AB announced that it repurchased a total of 225,000 of its own shares during the week of February 24 to February 28, 2025. These repurchases are part of the company's share buyback program, which was initiated by the Board of Directors.
The share buyback program, valued at SEK 300 million, commenced on December 9, 2024, and is scheduled to conclude no later than March 31, 2025. Scandic's buyback activities are conducted in compliance with the EU Market Abuse Regulation (MAR) and related regulations.
During the specified week, the weighted average share price for the repurchased shares was SEK 84.92. Following these transactions, Scandic's total holding of own shares amounts to 3,085,000. The total number of shares in Scandic, including treasury shares, is 219,157,922, with 216,072,922 shares remaining outstanding.
All share repurchases were carried out on Nasdaq Stockholm by Nordea on behalf of Scandic. The company stated that these buybacks are a measure to manage its capital efficiently and meet obligations, including those related to employee stock option programs.