Saturday , May 8 2021

Spotify buys $ 1 billion shares

Streaming div the redemption program begins.

The takeover of up to 10 million shares was approved by the AGM, and the Board approved ransoms up to a billion dollars.

The purchase program will begin in the fourth quarter of 2018 and expire on 21 April 2021. It is obvious from press releases.

The purchase date and the actual number of redeemed shares will depend on a number of factors, such as price, market position and alternative investment opportunities, Spotify writes in a statement.

After announcement, Spotify's share in the trade rose 2.6 percent, says Svd Næringsliv.

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