IAR Systems launches sale of treasury shares
Uppsala, September 13, 2013
The Board of IAR Systems has decided that under the authorization by the AGM on 22 April 2013, giving senior management a mandate to dispose of treasury shares of series B.
The disposal must be made on the NASDAQ OMX Stockholm at the prevailing market price prevailing at each particular time interval. The disposal can take place from September 13, 2013 and until the next AGM.
The purpose of the sale is to further strengthen the company's liquidity. The disposal of treasury shares is also expected to result in an increased institutional ownership base and improve liquidity in the share price.
IAR Systems Group AB currently owns 334 600 Class B shares, representing 2.9% of the total shares in the company.
IAR Systems is the world’s leading supplier of software tools for developing embedded systems applications. The software enables over 19,000 large and small companies to develop premium products based on 8-, 16-, and 32-bit microcontrollers, mainly in the areas of industrial automation, medical devices, consumer electronics, telecommunication, and automotive products. IAR Systems has an extensive network of partners and cooperates with the world’s leading semiconductor vendors. IAR Systems Group AB is listed on NASDAQ OMX Stockholm. For more information, please visit www.iar.com
Stefan Skarin, CEO, IAR Systems Group AB