#Sweden #NASDAQ #Skinnskatteberg #Systemair #LTIP 2024

Systemair's Board Approves Share Buyback Initiative

In a strategic move aimed at enhancing shareholder value, the board of directors of Systemair AB has made the decision to repurchase a significant number of its own shares. This decision, executed under the authorization from the annual general meeting held on August 29, 2024, allows the company to buy back up to 320,000 shares on Nasdaq Stockholm. The primary objective behind this repurchase plan is to fulfill obligations resulting from Systemair's Share-Based Long-Term Incentive Program (LTIP 2024).

Details of the Repurchase

The repurchase is set to commence on April 7, 2025, with a projected completion date no later than April 25, 2025. The trading of these shares will be managed by Svenska Handelsbanken AB (publ), which will operate with a degree of independence regarding the timing and execution of the transactions. This approach ensures a strategic execution method that aligns well with prevailing market conditions and shareholder interests.

The buyback could potentially happen over multiple occasions within the stipulated timeframe and will adhere to all applicable regulations established for trading on Nasdaq Stockholm. The shares will be acquired at prices based on the ongoing trading intervals, and all transactions will be conducted using cash. Subsequent to the buyback, reporting of these transactions will be handled in alignment with the Nasdaq regulations.

At present, Systemair AB has a total of 208 million shares outstanding and has not held treasury shares at the time of the announcement. This buyback initiative is anticipated to optimize the capital structure of the company while simultaneously supporting employee and executive incentive programs.

Systemair Company Overview

systemair is recognized as a pioneering ventilation company, maintaining a robust presence in 51 countries spanning Europe, North America, Asia, the Middle East, Australia, and Africa. In the 2023/24 financial year, Systemair recorded a revenue of SEK 12.3 billion and currently employs around 6,600 individuals. The company has demonstrated strong financial performance with operating profits reported annually since its inception in 1974. Over the last decade, Systemair has achieved an average growth rate of 9.0 percent, indicating a stable expansion trajectory in a competitive market.

The firm is dedicated to advancing indoor environmental quality through its range of energy-efficient products designed to lower carbon emissions, thereby promoting sustainability. Systemair's shares are listed on the Nasdaq OMX Nordic Exchange in Stockholm since October 2007, and it currently trades on the Large Cap List, with around 90 subsidiary companies under its umbrella.

In summary, Systemair's latest share repurchase decision not only underscores the company's commitment to returning value to its shareholders but also aligns with its long-term strategic goals of maintaining competitive incentive structures for its employees. This initiative highlights Systemair's proactive approach to managing its financial resources while adhering to the best corporate governance practices within the industry.

For further inquiries regarding the share repurchase or Systemair's corporate strategies, interested parties can contact:
Anders Ulff, CFO
+46 70 577 40 09
ander…@systemair.com
Systemair AB (publ)
SE-739 30 Skinnskatteberg, Sweden
+46 222 440 00
www.systemair.com

This development is a significant indicator of Systemair's ongoing commitment to enhancing its value proposition in the marketplace.