The Board of Directors Utilizes Authorization to Sell Husqvarna B-shares

STOCKHOLM, Apr 4, 2017 /PRNewswire/ -- The Board of Directors resolved to utilize the authorization given by the Annual General Meeting (AGM) earlier today on the sale of a maximum of 2,944,409 class B shares in the company up until the AGM 2018.

Transfers will be made on Nasdaq Stockholm exchange for cash payment at a price within the, at each time, registered price interval. The purpose of the authorization is to continuously adapt the number of B-shares held in order to hedge the undertakings within the framework of the Company's incentive programs.

The total number of registered shares in the company on April 4, 2017, amounted to 576,343,778, of which 113,694,826 shares of class A and 462,648,952 shares of class B, of which Husqvarna AB owned 2,944,409 re-purchased shares of series B.

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SOURCE Husqvarna AB