IAR resumes share repurchase program

Uppsala, Sweden; 10 January 2025 — The Board of Directors of I.A.R. Systems Group AB ("IAR") has decided to resume the share repurchase program of its own Class B shares, initially announced on 3 September 2024 and paused on 13 December 2024. All acquisitions will be carried out on Nasdaq Stockholm by Danske Bank on behalf of IAR, starting 10 January 2025 and continuing until 27 April 2025, unless otherwise communicated. The purpose of the repurchase program is to provide the Board with increased flexibility in managing the company's capital structure.

The company's total holding of its own shares amounts to 1,003,011, of which 694,969 are Class B shares and 308,042 are Class C shares, corresponding to 7.18 percent of all shares and 5.09 percent of all votes in the company. The total number of shares in IAR, including treasury shares, amounts to 13,968,333, while the number of outstanding shares, excluding treasury shares, amounts to 12,965,322.

About IAR
At IAR, we provide world-leading software and services for embedded development, empowering companies globally to bring secure products that shape the future. Since its founding in 1983, our solutions have been instrumental in ensuring quality, security, reliability, and efficiency in the development of over one million embedded applications for a wide range of industries, including Automotive, Industrial Automation, IoT, MedTech, Military, and Public Safety sectors. With support for 15,000 devices from over 70 semiconductor partners, we are dedicated to fostering innovation and enabling our customers' success.

The company is headquartered in Uppsala, Sweden, with a global presence of sales and support offices strategically located across the world. IAR is an I.A.R. Systems Group AB subsidiary, listed on NASDAQ OMX Stockholm, Mid Cap (ticker symbol: IAR B). To learn more, visit us at www.iar.com.