Com Hem board extends buyback programme

Swedish cable operator Com Hem’s board of directors has approved a continuation of the company’s share buyback programme, which was originally authorised on May 21.

The second part of the programme will, like the first phase, see Com Hem re-purchase shares on the Nasdaq Stockholm exchange between today and November 2, up to a total of SEK300 million (€31.7 million), with a maximum threshold of SEK200 million up to September 30 and SEK100 million for the period after that.

A maximum of 18,177,645 shares may be re-purhased, and Com Hem’s holding of its own shares may not exceed 10% of the outstanding shares of the company. Com Hem currently holds 2,486,692 shares out of 206,643,376.