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Buy-back of shares in Hemnet during 14 - 18 November, 2022

21 November 2022

 | Regulatory
Hemnet Group AB (publ) (LEI code: 5493008VIU67J3HUAR07) ("Hemnet") has during 14 to 18 November 2022 repurchased in total 48,000 own ordinary shares (ISIN code: SE0015671995) as part of the share buy-back program initiated by the board of directors of Hemnet in order to adjust Hemnet's capital structure.

The share buy-backs form part of the share buy-back program of maximum SEK 450,000,000 announced by Hemnet on 13 May 2022. The share buy-back program is being carried out in accordance with the EU Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) 2016/1052 (the "Safe Harbour Regulation"). The purpose of the share buy-back program is to adjust Hemnet's capital structure by reducing its share capital.

 

Ordinary shares in Hemnet has been repurchased in accordance with the following:

 

Date

Aggregated daily volume (number of shares)

 Weighted average share price per day (SEK)

Total daily transaction value (SEK)

14-November-2022

5,000

144.0000

720,000

15-November-2022

15,000

137.9867

2,069,800

16-November-2022

10,000

135.1900

1,351,900

17-November-2022

8,000

133.8500

1,070,800

18-November-2022

10,000

136.8300

1,368,300

 

All acquisitions have been carried out on Nasdaq Stockholm by Carnegie Investment Bank AB (publ) on behalf of Hemnet. Following the above listed repurchases, Hemnet's holding of own shares as per 18 November 2022 amounts to 2,014,033 ordinary shares. The total number of shares in Hemnet is 101,131,478.

 

A full breakdown of the transactions pursuant to article 5.3 of MAR and article 2.3 of the Safe Harbour Regulation is attached to this announcement.

 

For more information, please contact:

Press enquiries

Staffan Tell, Head of PR
M: +46 733 67 66 85
E: [email protected]

IR enquiries
Jens Melin, Interim CFO
M: +46 709 99 33 59
E: [email protected]

Nick Lundvall, IR Manager & Head of Corporate Development
M: +46 76 145 21 78
E: [email protected]

About Hemnet

Hemnet operates the leading property platform in Sweden. The company emerged as an industry initiative in 1998 and has since transformed into a "win-win" value proposition for the housing market. By offering a unique combination of relevant products, insights and inspiration, Hemnet has built lasting relationships with buyers, sellers, and agents for more than 20 years. Hemnet shares a mutual passion for homes with its stakeholders and is driven by being an independent go-to-place for people to turn to for the various housing needs that arise through life. This is mirrored in the Company’s vision to be the key to your property journey, supplying products and services to improve efficiency, transparency and mobility on the housing market. Hemnet is listed on Nasdaq Stockholm (‘HEM’).

 

Follow us: hemnetgroup.com / Facebook / Twitter / LinkedIn / Instagram

 

 

 

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