Lundin Petroleum’s Board of Directors has resolved on a share repurchase programme
3 May 2018
Based on the authorisation from the 2018 Annual General Meeting of Lundin Petroleum AB (Lundin Petroleum), the Board of Directors resolved on 3 May 2018 to initiate a repurchase programme.
The maximum number of shares repurchased shall be such that shares held in treasury from time to time shall not exceed ten percent of all outstanding shares of the Company. Shares may be repurchased at one or more occasions up until the AGM in 2019.
The purpose of the repurchase program is to optimise Lundin Petroleum’s capital structure and to thereby create added value for the shareholders, to secure Lundin Petroleum’s obligations under its long-term incentive plans and to cover costs, including social security charges, that may arise as a result of such incentive programs.
The repurchase of shares may only take place on NASDAQ Stockholm and only at a price within the price interval prevailing at any given time.
Lundin Petroleum currently holds 1,873,310 own shares.
For the complete authorisation, please refer to the Company’s website www.lundin-petroleum.com