STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Lagercrantz Group (STO:LAGRB):
In accordance with the Annual General Meeting’s authorization, Lagercrantz Group has as of 21 August 2013 repurchased 101,000 of its own class B shares at an average price of SEK 104.93 meaning that Lagercrantz Group’s holding of own shares held in treasury amounts to 663,800 class B shares, corresponding to 2.9 percent of the shares and 2.0 percent of the votes in the company. The total number of shares in Lagercrantz Group amounts to 23,173,309, of which 1,091,966 class A shares.
The purpose of repurchases is to cover the company’s obligations under the incentive programme resolved, to adapt the Group’s capital structure and to make possible future acquisitions of companies and businesses with payment in the form of shares in the company.
Stockholm, 21 August 2013
Lagercrantz Group AB (publ)
This information is being published in accordance with the Act on Trading in Financial Instruments or the regulations of NASDAQ OMX Stockholm. The information herein was provided for publication at 6:00 p.m., 21 August 2013.
LAGERCRANTZ GROUP IN BRIEF
Lagercrantz Group is a technology group in electronics, electricity, communication and adjacent areas. The Group’s companies all deliver specialized products and solutions to other companies (B2B) and several of the companies are market leaders in their niche. Lagercrantz Group is active in eight countries in Northern Europe, and in China. The Group has approximately 950 employees and annual revenue of approximately MSEK 2,400. The Company is listed on NASDAQ OMX Stockholm since 2001.
Operations are organized in four divisions. Division Electronics offers specialized products in the field of embedded electronics, industrial wireless communication, RFID and lighting control. Division Mechatronics offers electrical connection systems, electrical installation material, electrical and electro-mechanical products and cabling products. Division Communications offers product, systems, services and support in the area of network access, digital image transmission/technical security, and software. Division Niche Products is the Group’s new division formed in April 2012. Here, a number of interesting market positions will be built by, in the first instance, acquisition of profitable companies with a strong market position in interesting niches and offering a wide variety of proprietary products.
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