The Board of Directors of NCAB Group AB (publ) ("NCAB") has, based on the authorisation granted by the Annual General Meeting on 10 May 2021, resolved to repurchase the company's own shares on Nasdaq Stockholm. The purpose of the repurchase is solely to fulfil the obligations arising in relation to NCAB's long-term incentive programme to key employees ("LTIP 2021/24"), i.e., to secure the delivery of performance shares to the participants and to secure costs for social security contributions that may arise within the framework of the programme.

The repurchase may commence on 6 May 2024 and end no later than 21 May 2024 and will be managed by Carnegie Investment Bank AB (publ) ("Carnegie") which, based on the trading order that Carnegie has received from NCAB, makes its trading decisions regarding the timing of the repurchases independently of NCAB.

510,000 shares will be repurchased on one or more occasions and shall take place on Nasdaq Stockholm in accordance with applicable rules. The repurchases will be made at a price per share within the registered price interval at any given time. Payment for the shares will be made in cash. Reporting will be done to Nasdaq Stockholm in accordance with applicable rules.

The total number of shares in NCAB amounts to 186,971,240. At the time of this press release, NCAB holds 13,150 own shares. Upon full completion of the repurchase, NCAB will hold shares corresponding to a maximum of approximately 0.3 per cent of NCAB's issued shares.

For further information, please contact:

Anders Forsén, CFO +46 (0)8 4030 0051
Gunilla Öhman, IR Manager, +46 (0)70 763 81 25

About NCAB

NCAB is a worldwide leading supplier of printed circuit boards, listed on NASDAQ Stockholm. NCAB is offering PCBs for demanding customers, on time with zero defects, produced sustainably at the lowest total cost. NCAB was founded in 1993. Since its foundation, the operations have been characterized by an entrepreneurial and cost efficient culture and have over time showed strong growth and good profitability. Today, NCAB has local presence in 18 countries in Europe, Asia and North America. Revenues in 2023 amounted to SEK 4,088 million. Organic growth and acquisitions are part of NCAB’s strategy. For more information about NCAB Group please visit us at www.ncabgroup.com.

This information is information that NCAB Group is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person[s] set out above, at 2024-05-03 15:30 CEST.

Attachments

NCAB Group AB's Board of Directors has decided to repurchase own shares in order to fulfil its LTIP programme.

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