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The board of directors exercises authorization for repurchase of shares for the purpose of securing the company's commitments under the incentive program


September 14, 2012 - London

The Annual General Meeting of Swedish Orphan Biovitrum AB (publ) on 26 April 2012 resolved - for the purpose of ensuring that the Company can fulfill its commitments under the long-term incentive program resolved by the Annual General Meeting - on a directed share issue of no more than 1,655,136 redeemable- and convertible class C shares.

The General Meeting also resolved to authorize the board of directors to resolve on the repurchase of all issued class C shares by an offer directed to all holders of class C shares. Repurchase under this authorization may be made on one or several occasions until the Annual General Meeting in 2013 and at a price to no less than 100 per cent and no more than 105 per cent of the quotient value of the share (approximately SEK 0.55).

The board of directors has resolved to exercise the repurchase authorization for the said purpose by repurchasing of all issued class C shares against payment of 100 per cent of the quotient value of the share, corresponding to approximately SEK 0.55 per share. Repurchase of the class C shares may be effected during the period 20 July - 26 September 2012.

The company currently holds 2,753,124 own class C shares. Subsequently to the effected repurchase of class C shares above, the number of own class C shares will amount to 4,408,260.

The class C shares will, following the repurchase, be converted to common shares in the number that is required to ensure delivery under the incentive program.

For further information, please contact:
-Åsa Stenqvist, Head of Communications and IR at +46 8 697 21 88

Swedish Orphan Biovitrum (Sobi)
Sobi is a leading integrated biopharmaceutical company dedicated to bringing innovative therapies and services to improve the lives of rare disease patients. The product portfolio is primarily focused on Inflammation and on Genetics and Metabolism, and three late stage biological development projects within hemophilia and neonatology. Sobi also has a portfolio of more than 40 products which it commercializes on behalf of specialty and rare disease partners companies. In 2011, Sobi had revenues of SEK 1.9 billion and around 500 employees. The share (STO: SOBI) is listed on NASDAQ OMX Stockholm. More information is available at www.sobi.com.

The information above has been published pursuant to the Swedish Securities Market Act and/or the Financial Instruments Trading Act. The information was released for public distribution on 14 September 2012 at 8.30 a.m. CET.

 

Sobi Press Release September 14, 2012 in PDF Version



This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Swedish Orphan Biovitrum AB (publ) via Thomson Reuters ONE

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