Haldex

Engine Systems

Engines

Hydraulics System

Industrial Construction And Off-Road Vehicles

Happenings / News / Press Coverage

Tuesday, March 01, 2011 8:30 AM

The 2010 Annual General Meeting of Haldex AB of shareholders resolved to authorize the company’s Board of Directors to make decisions concerning the buyback of the company’s own shares in order to safeguard the company’s option program. Haldex hereby announces that the company’s Board of Directors has decided to exercise the authorization for this purpose.

The shares will be purchased on Nasdaq OMX Stockholm at a price within the registered span of prices at the particular time.
Share buybacks will be permissible from March 1, 2011 through May 13, 2011. No shares will be bought back during a period of 30 days prior to the publication of the first-quarter report, including the date of publication.
On February 22, 2011 Haldex AB owned 376,470 treasury shares. The total number of shares issued by Haldex is currently 44,215,970 and the number of shares to be bought back may not exceed 86,030.

For further information, please contact Lena Olofsdotter, SVP Corporate Communications +46 8 545 049 63.

Haldex (www.haldex.com (http://www.haldex.com/)), headquartered in Stockholm, Sweden, is a provider of proprietary and innovative solutions to the global vehicle industry, with focus on products in vehicles that enhance safety, environment and vehicle dynamics. Haldex is listed on the Nasdaq OMX Stockholm Stock Exchange and had net sales of nearly 5.5 billion SEK in 2009. The number of employees amounts to about 4,000.

Aim / Vision / Mission

Mission

Haldex provides proprietary and innovative technology solutions that improve safety, the environment and vehicle dynamics to the global vehicle industry within specific niches.

We strengthen our competitiveness and develop long-term customer relationships through products that offer high performance and low total costs for the customer throughout the product’s service life, ethical business practices and commitment to long term partnerships.

Vision

Haldex will be the global vehicle industry’s first choice as a long-term partner.

We will contribute to social development by providing vehicle technology that satisfies our customers and society. By staying on the cutting edge of technology and developing skilled and motivated employees, we will also achieve profitable growth.

	Fact Sheet Year of Establishment : 2009 Nature of Business : Manufacturer, Service Provider Number of Employees : more than 1000 People Turnover : More than US$ 100 Million (or > Rs. 400 Crore Approx.) Major Markets : Indian Subcontinent

Contact Details

Company Name: Haldex Contact Person: Mr. Nilkanth Santosh Telephone: +(91)-(22)-25645453 Mobile / Cell Phone: +(91)-9823291229 Address: S-304, Lbs Marg, Mulund (W), Mumbai, Maharashtra - 400080 (India)