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The latest announcement is out from Eltel AB ( (SE:ELTEL) ).
Eltel AB’s board has resolved to issue and immediately re-purchase 5,090,500 class C shares under mandates from the 2025 AGM to support long-term incentive programs LTIP 2024 and LTIP 2025. Nordea Bank’s Swedish branch will subscribe for the class C shares at EUR 0.01 each, after which they will be bought back by Eltel and later converted into ordinary shares for delivery to qualifying participants.
The transaction is structured to secure both the share delivery and the social contribution costs linked to the incentive schemes, without granting dividend rights and with each class C share carrying one-tenth of a vote. The move underlines Eltel’s continued use of equity-based incentives to align management and employee interests with shareholders, potentially strengthening retention and performance in its core infrastructure services business.
More about Eltel AB
Eltel AB is a leading Nordic service provider for critical infrastructure, focusing on services and turnkey solutions for high-performing communication and power networks as well as renewable energy. With around 4,000 employees across the Nordics, Germany and Lithuania and 2025 net sales of EUR 817.8 million, the Sweden-headquartered group supports the digitalization and electrification of society and is listed on Nasdaq Stockholm.
YTD Price Performance: 6.33%
Average Trading Volume: 45,671
Technical Sentiment Signal: Buy
Current Market Cap: SEK1.53B
Find detailed analytics on ELTEL stock on TipRanks’ Stock Analysis page.