Peab sells own shares to Ingvar Kamprad

Peab sells own shares to Ingvar Kamprad

 

Peab has sold 8 581 236 shares of series B to Ingvar Kamprad,
corresponding to 2.9 percent of the shares. The disposal is a direct
transaction between the parties off-exchange on September 19, 2011 at a
price of SEK 34.96 per share, representing the closing price on Friday,
16 September 2011.

Peab's holding of own shares before the transaction is 9,668,220 shares
representing 3.3 percent of the capital. Following the disposal Peab
holds 1,086,984 own shares corresponding to 0.4 percent of the capital.
The disposal is in accordance with the authorization for the transfer of
shares which the Board received at Peab's Annual General 2011. This
authorization applies to the next AGM.
The purpose of Peab's holding of own shares, is to use these to finance
acquisitions and to improve the capital structure.
 - Peab and IKEA have previously teamed up on IKEA's expansion in
Sweden, Norway and Finland. The agreement means that 10 new stores will
be built according to each country's expansion plan. With this
background, and the importance of having strong owners, it feels very
positive that Ingvar Kamprad is a new owner of Peab, says Peab's CEO Jan
Johansson.

 

For further information, contact:
Jesper Göransson, CFO Peab +46 733 371013

Gösta Sjöström, CIO Peab +46 733 371010

Peab AB discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act.

The information was submitted for publication at 8.55 a.m. 19 September
2011.

Previous press releases from Peab are available at
www.peab.com (http://www.peab.com/)