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Karnov Group AB ( (SE:KAR) ) has shared an announcement.
Karnov Group AB has received shareholder approval at an extraordinary general meeting to authorise its board to both acquire and transfer up to 5% of the company’s series A ordinary shares. The move, allowing buybacks and disposals on Nasdaq Stockholm or other markets and including the possibility to deviate from existing shareholders’ preferential rights, is aimed at optimising the company’s capital structure and enhancing shareholder value by giving the board greater flexibility in managing its equity base.
The most recent analyst rating on (SE:KAR) stock is a Hold with a SEK103.00 price target. To see the full list of analyst forecasts on Karnov Group AB stock, see the SE:KAR Stock Forecast page.
More about Karnov Group AB
Karnov Group AB is a European provider of mission-critical knowledge and workflow solutions for legal professionals, serving more than 400,000 users with content from over 7,000 authors and experts. Headquartered across Sweden, Denmark, Norway, France, Spain and Portugal, the company employs around 1,200 people and is listed on Nasdaq Stockholm’s Mid Cap segment under the ticker “KAR”.
Average Trading Volume: 75,966
Technical Sentiment Signal: Buy
Current Market Cap: SEK10.47B
For detailed information about KAR stock, go to TipRanks’ Stock Analysis page.