Neobo resolves to repurchase own shares

Based on the current market conditions and Neobo's financial position, the board of directors considers that repurchasing own shares for a maximum amount of SEK 50 million, in combination with continued reinvestment in Neobo's operations, is favourable for Neobo's shareholders and contributes to achieving the best total return for Neobo's shareholders. The purpose of the share repurchases is to improve Neobo's capital structure. Following the completion of the resolved share repurchases, the group's financial position is still considered to be good and gives Neobo the financial flexibility to continue developing its business through value-creating investments in the form of apartment renovations and sustainability investments that contribute to increasing returns from the properties. However, the company's dividend policy, according to which no dividend will be paid to the shareholders and profits will be reinvested in the business, remains unchanged.

Repurchases of own shares may be carried out in accordance with Nasdaq Stockholm's Rulebook for issuers on one or several occasions during the period until the 2026 Annual General Meeting of Neobo, whereby shares may be repurchased for a maximum amount of SEK 50 million. Neobo may repurchase no more shares than such that its holdings at any given time do not exceed 10 percent of the total number of shares in Neobo. Repurchases of shares on Nasdaq Stockholm may occur at a price per share within the at each time registered share price interval, by which is meant the difference between the highest buying price and the lowest selling price. Payment for the shares shall be made in cash.

As of the date of this press release, the total number of shares in Neobo amounts to 145,400,737, and as of the same date Neobo does not hold any own shares.

Completed repurchases will be reported in accordance with applicable rules.