Boozt AB (OM:BOOZT) commences an Equity Buyback Plan for 6,746,764 shares, representing 10% of its issued share capital, under the authorization approved on April 26, 2023.
August 18, 2023 at 02:00 am EDT
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Boozt AB (publ) (OM:BOOZT) commences share repurchases on June 22, 2023, under the program mandated by the shareholders in the Annual General Meeting held on April 26, 2023. As per the mandate, the company is authorized to repurchase up to 6,746,764 shares, representing 10% of its outstanding share capital. The repurchases will be made such that the own shareholding of the company does not exceed 10% of all shares in the company. The purpose of the program is to enable the Board to adjust the capital structure, thereby generating a higher value for the shareholders. The authorization will be valid till Next Annual General Meeting of the company. As of March 23, 2023, the company had 67,467,637 shares, where 65,809,262 are ordinary shares and 1,658,375 are series C shares.
On June 21, 2023, the company announced a share repurchase program. Under the program, the company will repurchase up to SEK 200 million. The program will commence on June 22, 2023, and will be valid till next Annual General Meeting in 2024. As of June 21, 2023, the company had 68,289,488 shares, where 65,809,262 are ordinary shares and 2,480,226 are series C shares.
Boozt AB is a Sweden-based company engaged in the provision of e-commerce solutions for the apparel industry. The Company offers customized e-commerce software and services that create e-commerce platforms, namely Boozt.com and its mono-brand stores, that are fully hosted and managed. Its software includes Propilot, a Web shop management administration system that enables changes to Web shop content; Podium, a front end module which ensures optimized user experience for users on mobile devices; Fastlane, a warehouse management system (WMS) that runs fulfillment processes in warehouses and integrates them with distribution partners; CS Eye, a customer overview service; and Brand Portal, a business intelligence (BI) service suite. Its services include the development of an initial strategy, building an online shop, fulfilling orders, handling returns, running ongoing campaigns and acquiring and retaining customers.
Boozt AB (OM: BOOZT) commences an Equity Buyback Plan for 6,746,764 shares, representing 10% of its issued share capital, under the authorization approved on April 26, 2023.
BOOZT AB 
