STOCKHOLM, Sweden--(BUSINESS WIRE)--Regulatory News:
The Board of Directors of Niscayah Group AB (publ) has, by virtue of authorization from the Annual General Meeting on 3 May 2011, resolved to transfer a maximum of 310,000 treasury shares on NASDAQ OMX Stockholm. The transfer shall be executed no later than 30 September 2011. The transfer shall be made at a price per share within the, at each time, registered quotation interval, i.e. the interval between the highest purchase quotation and the lowest sales quotation at the transfer of shares in Niscayah Group AB (publ) on NASDAQ OMX Stockholm.
The purpose of the transfer is to cover costs, including costs for social security contributions, to fulfill obligations under the long term performance based incentive program (LTIP 2011) resolved upon by the Annual General Meeting on 3 May 2011.
Prior to the transfer Niscayah Group AB (publ) holds 1,800,000 treasury shares, corresponding to approximately 0.49 percent of the total shares in the company. The total number of shares in Niscayah Group AB (publ) amounts to 365,058,897.
Niscayah Group AB (publ) is a world leading security company specialized in technical security services and solutions for customers with high security demands such as bank and post, retail, utilities, transport and logistics and gas stations. Niscayah has approximately 5,100 employees and is present in 14 countries in Europe as well as in USA. Niscayah is a publicly listed company on the OMX Nasdaq stock exchange in Stockholm, Sweden.
Niscayah Group AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication at CET 09:00 on 2 September, 2011.
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