Scandic Hotels repurchases 350,000 own shares for nearly SEK 24 million
Scandic Hotels Group AB announced it repurchased 350,000 of its own shares between December 9 and December 13, 2024. The total value of these transactions was approximately SEK 23.96 million.
Scandic Hotels Group AB repurchased a total of 350,000 of its own shares during the period of December 9 to December 13, 2024. These buybacks represent a total transaction value of approximately SEK 23.96 million. The repurchases are part of a share buyback program valued at SEK 300 million, initiated by the company's Board of Directors.
The program, which commenced on December 9, 2024, is scheduled to continue until March 31, 2025, at the latest. The transactions were executed on Nasdaq Stockholm by Nordea on behalf of Scandic, in compliance with the EU Market Abuse Regulation (MAR).
Following these buybacks, Scandic Hotels Group holds 350,000 of its own shares. The total number of shares in the company, including treasury shares, amounts to over 219 million.
Scandic Hotels Group is the largest hotel company in the Nordic region, operating approximately 280 hotels with 58,000 rooms across more than 130 destinations. The company is listed on Nasdaq Stockholm.