Scandic Hotels Repurchases Own Shares During Week 52
Scandic Hotels Group AB repurchased 142,060 own shares between December 23 and December 27, 2024, as part of its ongoing share buyback program. The company has acquired a total of 840,000 shares under the program.
Scandic Hotels Group AB announced that it repurchased 142,060 of its own shares during the week of December 23 to December 27, 2024. These transactions were executed on Nasdaq Stockholm by Nordea on behalf of the company, forming part of its previously announced share buyback program.
The total value of the repurchases made during this period amounted to approximately SEK 9.64 million, with an average weighted share price of SEK 67.86. The buybacks are conducted in accordance with the EU Market Abuse Regulation (MAR).
The share buyback program, initiated on December 9, 2024, has a total value of up to SEK 300 million and is scheduled to conclude no later than March 31, 2025. Following these latest repurchases, Scandic's holding of treasury shares now stands at 840,000.
Scandic Hotels is the largest hotel company in the Nordic region, operating approximately 280 hotels with 58,000 rooms across more than 130 destinations. The company emphasizes its commitment to sustainability and its accessible "Design for All" concept.