Buybacks of shares in Alfa Laval during week 21 2021
Alfa Laval AB announced the repurchase of 125,500 shares from May 24 to May 28, 2021, as part of a SEK 2 billion buyback program initiated on April 27, 2021. This program aims to enhance the company’s capital structure and complies with EU regulations. The shares were bought at prices ranging from SEK 299.61 to SEK 309.48, totaling approximately SEK 37 million. Post-buyback, Alfa Laval holds 568,000 shares out of a total of 419,456,315 shares, with 418,888,315 outstanding shares. The buyback is expected to support shareholder value.
- Initiated significant share buyback program of SEK 2 billion.
- Improved capital structure, potentially enhancing shareholder value.
- Repurchased 125,500 shares, totaling about SEK 37 million, reflecting commitment to return value to shareholders.
- None.
LUND, Sweden, May 31, 2021 /PRNewswire/ -- During the period May 24 - May 28, 2021, Alfa Laval AB (publ) (LEI code: 549300UCKT2UK88AG251) has repurchased in total 125,500 own shares (ISIN: SE0000695876) as part of the share buyback program initiated by the Board of Directors in order to secure optimized capital structure.
The share buybacks form part of the SEK 2 billion share buyback program, which Alfa Laval announced on April 27, 2021. The share buy-back program, which runs between April 28, 2021 and April 25, 2022, is being carried out in accordance with the EU Market Abuse Regulation (MAR) and the Commission Delegated Regulation 2016/1052 (the so-called Safe Harbour Regulation).
Shares in Alfa Laval have been repurchased as follows:
Date |
Aggregated daily volume (number of shares) |
Weighted average share price per day (SEK) |
Total daily transaction value (SEK) | ||
24/05/2021 |
21,500 |
299.6108 |
6,441,632.20 | ||
25/05/2021 |
28,000 |
301.634 |
8,445,752.00 | ||
26/05/2021 |
33,000 |
301.7038 |
9,956,225.40 | ||
27/05/2021 |
22,000 |
306.6137 |
6,745,501.40 | ||
28/05/2021 |
21,000 |
309.4829 |
6,499,140.90 |
All acquisitions have been carried out on Nasdaq Stockholm by Nordea on behalf of Alfa Laval. Following the above acquisitions, Alfa Laval's holding of own shares amounts to 568,000 shares as of May 28, 2021.
The total number of shares in Alfa Laval, including the own shares, is 419,456,315, and the number of outstanding shares, excluding the own shares, is 418,888,315.
A full breakdown of the transactions is attached to this announcement.
For more information please contact:
Johan Lundin
Head of Investor Relations
Alfa Laval
Tel: +46 46 36 65 10
Mobile: +46 730 46 30 90
Henrik G. Welch
Head of Group Treasury
Alfa Laval
Tel: +46 46 36 65 10
Mobile: +46 70 2638399
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/alfa-laval/r/buybacks-of-shares-in-alfa-laval-during-week-21-2021,c3357623
The following files are available for download:
Share buyback weekly ENG w.2021.21 | |
https://mb.cision.com/Public/905/3357623/9bcc3694e61adc01.pdf | Share buyback weekly Appendix w 2021 21 |
View original content:http://www.prnewswire.com/news-releases/buybacks-of-shares-in-alfa-laval-during-week-21-2021-301302335.html
SOURCE Alfa Laval
FAQ
What was the purpose of Alfa Laval's recent share buyback?
How many shares did Alfa Laval repurchase between May 24 and May 28, 2021?
What is the total value of Alfa Laval's share buyback program?
What were the share prices for Alfa Laval's buybacks from May 24-28, 2021?
How many shares does Alfa Laval hold after the buyback?
