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Investor AB ( ($SE:INVE.A) ) just unveiled an announcement.
Investor AB’s Board has decided to utilize the authorization granted by the Annual General Meeting to repurchase up to 560,000 class B shares on Nasdaq Stockholm. This move aims to secure obligations and hedge costs related to the company’s long-term variable remuneration program and synthetic shares issued as part of Board remuneration, potentially impacting the company’s financial strategies and shareholder value.
More about Investor AB
Investor AB, established by the Wallenberg family in 1916, is dedicated to creating value for people and society by building strong and sustainable companies. The company operates through substantial ownership and board participation, focusing on three business areas: Listed Companies, Patricia Industries, and Investments in EQT.
Average Trading Volume: 383,107
Current Market Cap: SEK856.7B
See more data about INVE.A stock on TipRanks’ Stock Analysis page.