PRESS RELEASE Stockholm, Sweden, June 14, 2006 The Board of Directors of Elekta has decided to utilize the authorization the Board received from the Annual General Meeting on September 21, 2005, 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 21, 2005 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.
Based on the strong underlying operational performance and financial position the Board decided today, June 14, 2006, to mandate the executive management to initiate on appropriate occasions the repurchase of shares in an amount of SEK 100 M, but maximized to 1.100.000 shares.
As of today, Elekta does not own any of its own shares. A repurchase of 1.100.000 shares is corresponding to 1.2 percent of the total number of outstanding shares in the company. Elekta intends to suggest 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.