SKÅNES FAGERHULT, Sweden, April 28, 2017 /PRNewswire/ --
The total number of holdings of own shares at 1 January 2017 was 1,088,616 and the total number of shares in issue was 41,570,600.
On 30 March 2017, the AGM resolved to retire 698,600 of the company's own repurchased shares. The retirement of shares has been carried out through a reduction of share capital with retirement of shares and a subsequent bonus issue to restore the share capital.
The total number of holdings of own shares at 28 April 2017 was 390,016 and the total number of shares in issue was 40,872,000. Consequently the company's total holdings of own shares now represent 1.0% of the total number of shares.
Concentric AB is an innovator in flow control and fluid power, supplying proprietary systems and components to the world's truck, agricultural machinery, construction equipment and industrial applications end-markets. The company has manufacturing facilities in the UK, USA, Germany, Sweden, India, China and Argentina. In addition to supplying oil, fuel transfer and water pumps for diesel engines, the group also manufactures lubrication pumps for transmissions and compressors within its range of engine products.
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Retirement of repurchased own shares
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SOURCE Concentric AB