Xer Tech Holding Management and Board to Acquire Shares from Rex
Members of Xer Tech Holding's management and a new board member have agreed to acquire 390,622 shares from principal shareholder Rex Technology Investments. The transaction is set at SEK 2.65 per share, a 13% premium.
Xer Tech Holding AB has announced that key members of its senior management and a newly appointed board member will acquire a significant block of shares from the company's principal shareholder, Rex Technology Investments Pte. Ltd. The group includes Erik Herlyn, Waldemar Schäfer, Jörgen Svanström from management, and Håkan Behmer, a recent addition to the board.
The agreed-upon acquisition involves a total of 390,622 shares. The transaction price is set at SEK 2.65 per share. This price represents a 13 percent premium over the closing price on the Spotlight Stock Market as of September 14.
This move indicates a strengthened commitment from the company's leadership and board members. The acquisition at a premium suggests confidence in Xer Tech Holding's future performance and valuation.
Further details regarding the completion of these share transactions are expected to be disclosed in accordance with regulatory requirements.