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Hemnet Group AB ( (SE:HEM) ) has provided an announcement.
Hemnet Group AB has announced a share buy-back program authorized by its board to adjust its capital structure. The program allows for the repurchase of up to 10% of the company’s shares, with a maximum purchase amount of SEK 600 million, to be executed on Nasdaq Stockholm. This strategic move is aimed at reducing Hemnet’s share capital, with plans to propose the redemption of repurchased shares at the 2026 annual general meeting.
More about Hemnet Group AB
Hemnet operates the leading property platform in Sweden, having transformed from an industry initiative in 1998 into a key player in the housing market. The company offers a unique combination of products, insights, and inspiration, fostering lasting relationships with buyers, sellers, and agents. Hemnet aims to enhance efficiency, transparency, and mobility in the housing market and is listed on Nasdaq Stockholm.
Average Trading Volume: 172,262
Current Market Cap: SEK32B
For an in-depth examination of HEM stock, go to TipRanks’ Stock Analysis page.