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PRESS RELEASE Stockholm, Sweden, March 9, 2007 The Board of Directors of Elekta AB (publ) has decided to utilize the authorization the Board received from the Annual General Meeting to repurchase shares in the company.
Elekta’s distribution policy is to distribute 20 percent or more of net profits to shareholders in the form of dividends, share repurchases or comparable measures. Elekta’s Annual General Meeting on September 20, 2006 resolved to authorize the Board to decide on the acquisition of a maximum of 10 percent of the total number of shares in the company.
The Board today decided to exercise the mandate and to authorize the executive management to initiate, on appropriate occasions, the repurchase of shares in an amount of SEK 100 M, but maximized to 900.000 shares.
As of today, Elekta does not own any of its own shares. A repurchase of 900.000 shares is corresponding to 1.0 percent of the total number of outstanding shares in the company. Elekta intends to propose to the AGM that repurchased shares are cancelled.
Purchases will be made on the Stockholm Stock Exchange and to a price within the spread at the time of purchase. Purchases can be made during the time until next Annual General Meeting.