Com Hem board agrees share buyback programme

Swedish cable operator Com Hem’s board has agreed to launch a share buyback programme totaling SEK1.5 billion (€160 million) over the next year.

The buyback will enable Com Hem to distribute funds to shareholders. Together with an ordinary dividend of SEK1 per share, the programme means that Com Hem has allocated SEK1.7 billion to be repaid to its shareholders.

Com Hem’s share capital will be reduced by cancelling the shares that has been repurchased.