Hoist Finance AB (OM:HOFI) commences an Equity Buyback Plan for 8,930,300 shares, representing 10% of its issued share capital, under the authorization approved on May 10, 2023.
February 14, 2024 at 12:10 pm EST
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Hoist Finance AB (publ) (OM:HOFI) commences share repurchases on February 8, 2024, under the program mandated by the Annual General Meeting held on May 10, 2023. As per the mandate, the company is authorized to repurchase up to 8,930,300 shares, representing 10% of its issued share capital, such that company?s holding of treasury shares at any given time amounts to no more than 10% of the total number of shares in the company. Acquisitions of own shares may only be made at a price per share within the spread registered on Nasdaq Stockholm from time to time, meaning the spread between the highest bid price and the lowest ask price. The purpose of the program is to improve flexibility in the management of the capital structure and thus contribute to increasing shareholder value. The authorization is valid till next Annual General Meeting of the company. As of April 5, 2023, the company had 89,303,000 shares outstanding and no shares in treasury.
On February 6, 2024, the company announced a share repurchase program. Under the program, the company will repurchase up to SEK 100 million worth of its shares. The repurchases will commence from February 8, 2024 and will be valid till next Annual General Meeting on May 7, 2024.
Hoist Finance publ AB is a Sweden-based debt restructuring company that mainly serves international banks. It provides a portfolio of solutions for managing overdue consumer receivables, including debt purchasing and debt collection, as well as deposits. Its offering comprises acquisition and management of non-performing unsecured consumer loans, conducted by in-house collection centers across Europe. Its business is based on amicable settlements, as well as servicing on behalf of third parties. The Company operates in Belgium, the Netherlands, France, the United Kingdom, Italy, Poland, Spain, Germany and Austria. Additionally, the Company is active in the area of retail deposits though the online savings service, HoistSpar.
Hoist Finance AB (OM: HOFI) commences an Equity Buyback Plan for 8,930,300 shares, representing 10% of its issued share capital, under the authorization approved on May 10, 2023.
HOIST FINANCE AB 
