#Sweden #NASDAQ #Stockholm #share repurchase #Boliden

Boliden's Strategic Share Repurchase Initiative

Boliden, a leading company in the mining sector, has recently made a significant decision regarding the repurchase of its shares. Following the authorization granted by its Annual General Meeting held on April 23, 2024, the board has resolved to buy back a maximum of 100,000 shares on Nasdaq Stockholm between February 7, 2025, and February 28, 2025. This initiative represents a commitment to ensuring a bright future for its participants in the long-term share savings program (2024/2027).

Purpose of the Share Repurchase

The main objective behind this share repurchase is to provide shares for the ongoing share savings program, thereby enhancing the value for stakeholders involved in this plan. Additionally, by controlling the number of shares available in the market through repurchasing, Boliden aims to support its stock price, reinforcing investor confidence in the company's future.

Compliance with Regulatory Frameworks

Boliden guarantees that the repurchase will be conducted in strict accordance with the Market Abuse Regulation (EU) No 596/2014 and the European Commission's Delegated Regulation (EU) No 2016/1052. The designated financial institution for executing the buyer strategy is Skandinaviska Enskilda Banken AB (SEB). SEB has been entrusted with making trading decisions independently, ensuring the process adheres to all legal requirements, thus safeguarding the shareholders' interests.

Terms and Conditions of the Buyback

The following key terms will govern the share repurchase:

• - Timing: The repurchases will not commence earlier than February 7, 2025, and will conclude no later than February 28, 2025.
• - Volume: The total amount set for the buyback is capped at SEK 40 million, with a maximum of 100,000 shares. Importantly, the company’s total holding of treasury shares must not exceed 10% of all outstanding shares at any point during the buyback period.
• - Pricing Compliance: All share repurchases must comply with volume restrictions outlined in the Nordic Main Market Rulebook and must occur at prices that fall within the ongoing market price range on Nasdaq Stockholm.

At present, Boliden holds 40,000 treasury shares, and the total number of shares in circulation amounts to 273,511,169. This careful approach to share management demonstrates Boliden's dedication to strategic planning and long-term sustainability.

Conclusion

In conclusion, Boliden's board decision to repurchase shares not only reflects a proactive approach to maintaining strong corporate governance but also emphasizes the company's commitment to its long-term strategic initiatives. As the company moves forward, shareholders can be assured that Boliden is focused on maximizing their gains and ensuring the continual growth and stability of the organization.

For further information regarding this initiative, investors and interested parties are encouraged to contact Klas Nilsson, Director of Group Communications, at +46 70-453 65 88 or via email at [email protected].