Skip to main content

The Board of Bilia AB has decided on share repurchases and submits proposals for dividends

The Board of Directors of Bilia AB (publ) (”Bilia”) has decided to exercise its authorization from the Annual General Meeting (“AGM”) on April 27, 2021 to repurchase a maximum of 4,000,000 own shares. The main reason for the repurchasing program is to optimize the capital structure of the company.
Repurchases may take place until the company’s next AGM, on one or several occasions, and may not result in the company at any time holding own shares in excess of 10 per cent of the total number of shares in the company.

After completion of repurchasing program of 4,000,000 shares, the authorization from the AGM will be exercised. The Board of Directors intends to propose to the AGM on April 7, 2022 that repurchased shares be canceled.

The shares will be bought on Nasdaq Stockholm in accordance with its Rule Book for Issuers, at a price per share within the price range on Nasdaq Stockholm at any given time, by which is meant the range between the highest buying price and the lowest selling price published continuously by Nasdaq Stockholm. Payment for the shares shall be made in cash.

At the time of this press release the total number of shares in the company is 102,799,952 and Bilia holds 6,250,451 own shares.

The Board of Directors of Bilia intends, based on the interim report for the third quarter, to also propose to the AGM on April 7, 2022 a dividend of a total of
SEK 8 per share, divided into four quarterly dividend occasions with SEK 2 per dividend occasion.

Gothenburg, December 2, 2021

Bilia AB (publ)

For information please contact:
Per Avander, Managing Director and CEO, +46 (0)10 497 70 00, per.avander@bilia.se 
Kristina Franzén, CFO, +46 (0)10 497 73 40, kristina.franzen@bilia.se

This is information that Bilia AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 16:15 CET, on December 2, 2021.

Facts about the Bilia Group

Bilia is one of Europe’s largest car dealers with a leading position within service and sales of cars, transport vehicles and trucks. Bilia has about 160 facilities in Sweden, Norway, Germany, Luxembourg and Belgium. Bilia sells cars of the brand Volvo, BMW, Toyota, Mercedes, Renault, Lexus, MINI, Porsche, Nissan, Dacia, Smart and Alpine and transport vehicles of the brand Renault, Toyota, Mercedes, Nissan and Dacia and trucks of the brand Mercedes.

Bilia has today a fully expanded business with sales of new cars, e-commerce, spare parts and store sales, service and repair workshops, tyres and car glass and financing, insurance, car washes, fuel stations and auto salvage under the same roof, which gives a unique offer.

Bilia reported a turnover of about SEK 30 bn in 2020 and had about 4,700 employees.

Attachment

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.