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Buybacks of shares in Alfa Laval during week 24 2021

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Alfa Laval AB has repurchased 139,500 shares from June 14 to June 18, 2021, as part of its SEK 2 billion share buyback program initiated on April 27, 2021. This program aims to optimize the capital structure and will run until April 25, 2022. The repurchased shares were obtained through Nasdaq Stockholm, with a total holding of 987,500 shares as of June 18, 2021. The company's total shares stand at 419,456,315, with 418,468,815 outstanding shares post-buyback.

Positive
  • Repurchased 139,500 shares, enhancing shareholder value.
  • Total buyback amount of SEK 2 billion supports capital optimization.
  • Increased confidence in capital structure management.
Negative
  • None.

LUND, Sweden, June 21, 2021 /PRNewswire/ -- During the period June 14 - June 18, 2021, Alfa Laval AB (publ) (LEI code: 549300UCKT2UK88AG251) has repurchased in total 139,500 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)





14/06/2021

33,000

299.4369

9,881,417.70



15/06/2021

25,000

297.1689

7,429,222.50



16/06/2021

21,000

296.5000

6,226,500.00



17/06/2021

27,500

298.5567

8,210,309.25



18/06/2021

33,000

294.6153

9,722,304.90



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 987,500 shares as of June 18, 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 418,468,815.

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-24-2021,c3371342

The following files are available for download:

https://mb.cision.com/Main/905/3371342/1434821.pdf

Share buyback weekly ENG w.2021.24

https://mb.cision.com/Public/905/3371342/a3fd01e5a8f7e6c1.pdf

Share buyback weekly Appendix w 2021 24

 

Cision View original content:http://www.prnewswire.com/news-releases/buybacks-of-shares-in-alfa-laval-during-week-24-2021-301316334.html

SOURCE Alfa Laval

FAQ

What was the total number of shares repurchased by Alfa Laval during June 2021?

Alfa Laval repurchased a total of 139,500 shares from June 14 to June 18, 2021.

What is the purpose of Alfa Laval's SEK 2 billion share buyback program?

The purpose is to optimize the capital structure and enhance shareholder value.

What is the expected impact of the share buyback on Alfa Laval's stock price?

The share buyback is expected to positively impact the stock price by reducing the number of outstanding shares and enhancing shareholder returns.

ALFA-LAVAL AB UNSP/ADR

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