Scandic Hotels Repurchases Own Shares
Scandic Hotels Group repurchased 300,000 own shares during the week of January 13-17, 2025, as part of its ongoing share buyback program. The transactions took place on Nasdaq Stockholm.
Stockholm – Scandic Hotels Group AB announced that it repurchased a total of 300,000 own shares between January 13 and January 17, 2025. These repurchases are part of the company's share buyback program, which was initiated by the Board of Directors on December 9, 2024.
The buyback program is intended to acquire shares up to a total value of SEK 300 million and will run until March 31, 2025. The company stated that the repurchases are being conducted in accordance with the EU Market Abuse Regulation (MAR).
During the specified week, Scandic acquired the shares at a volume-weighted average price of SEK 67.73 per share. Following these transactions, Scandic's holding of its own shares amounts to 1,590,000. All repurchases were executed on Nasdaq Stockholm through Nordea.
Scandic Hotels is the largest hotel company in the Nordic region, operating approximately 280 hotels and offering 58,000 rooms across more than 130 destinations. The company emphasizes its commitment to sustainability and its Design for All concept, which ensures accessibility.