The Board of Directors of Sobi exercises authorisation for repurchase of shares for the purpose of securing the company's commitments under incentive programmes

Rhea-AI Summary

Swedish Orphan Biovitrum (BIOVF) announced that its Board of Directors has authorized the repurchase of all issued class C shares following the Annual General Meeting resolution from May 8, 2025. The repurchase is specifically aimed at fulfilling commitments under the company's long-term incentive programmes.

The repurchase will be conducted at 100% of the quotient value (approximately SEK 0.55 per share) and will occur between July 16 and November 7, 2025. Following the repurchase and conversion of C shares to common shares, Sobi's total holdings of own common shares will increase from 11,377,680 to 12,790,468. The company reported revenue of SEK 26 billion in 2024 and employs approximately 1,900 people globally.

Positive

• Share repurchase demonstrates company's commitment to maintaining incentive programs
• Strong 2024 revenue of SEK 26 billion indicates solid financial performance

Negative

• None.

STOCKHOLM, July 15, 2025 /PRNewswire/ -- The Annual General Meeting of Swedish Orphan Biovitrum AB (publ) (Sobi®) on 8 May 2025, resolved – for the purpose of ensuring that the company can fulfil its commitments under the long-term incentive programmes resolved by the Annual General Meeting – on directed share issues of no more than 1,412,788 redeemable and convertible class C shares.

The Annual General Meeting also resolved to authorise 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 authorisation may be made on one or several occasions until the Annual General Meeting 2026 and at a price of no less than 100 per cent and no more than 105 per cent of the quotient value of the share.

Today, the Board of Directors has resolved to, conditional upon subscription and payment by Svenska Handelsbanken AB, exercise the repurchase authorisation for the said purpose by repurchasing 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 16 July – 7 November 2025.

The company currently holds 11,377,680 own common shares and no own class C shares. Subsequently to the effected repurchase of class C shares above, all repurchased class C shares are intended to be converted to common shares, whereafter the number of own common shares will amount to 12,790,468.

Sobi

Sobi is a global biopharma company unlocking the potential of breakthrough innovations, transforming everyday life for people living with rare diseases. Sobi has approximately 1,900 employees across Europe, North America, the Middle East, Asia and Australia. In 2024, revenue amounted to SEK 26 billion. Sobi's share (STO:SOBI) is listed on Nasdaq Stockholm. More about Sobi at sobi.com and LinkedIn.

Contacts

For details on how to contact the Sobi Investor Relations Team, please click here. For Sobi Media contacts, click here.
Gerard Tobin
Head of Investor Relations

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Sobi - Repurchase of shares July 2025

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SOURCE Swedish Orphan Biovitrum AB

FAQ

What is the purpose of BIOVF's share repurchase program in July 2025?

The share repurchase is specifically designed to secure Sobi's commitments under its long-term incentive programmes, as authorized by the Annual General Meeting on May 8, 2025.

How many shares will Sobi (BIOVF) repurchase and at what price?

Sobi will repurchase all issued class C shares at 100% of the quotient value, which is approximately SEK 0.55 per share.

When will BIOVF's share repurchase program take place?

The share repurchase program will be conducted between July 16 and November 7, 2025.

How many shares will Sobi own after completing the repurchase?

After the repurchase and conversion of C shares to common shares, Sobi will hold 12,790,468 own common shares, up from the current 11,377,680 shares.

What was Sobi's (BIOVF) revenue in 2024?

Sobi reported revenue of SEK 26 billion for the year 2024.