Buybacks of shares in Alfa Laval during week 26 2021

Rhea-AI Summary

Alfa Laval AB announced the repurchase of 132,500 shares from June 28 to July 2, 2021, as part of its SEK 2 billion buyback program initiated on April 27, 2021. This program aims to optimize the company's capital structure and runs until April 25, 2022. The share buybacks were executed on Nasdaq Stockholm, increasing Alfa Laval's own shareholding to 1,204,000 shares as of July 2, 2021. The total shares outstanding, including repurchased shares, amount to 419,456,315.

Positive

• Significant share repurchase of 132,500 shares indicates strong confidence in the company's financial health.
• The SEK 2 billion buyback program is structured to optimize capital structure, potentially enhancing shareholder value.

Negative

• None.

LUND, Sweden, July 5, 2021 /PRNewswire/ -- During the period June 28 - July 2, 2021, Alfa Laval AB (publ) (LEI code: 549300UCKT2UK88AG251) has repurchased in total 132,500 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)
28/06/2021	29,000	301.7430	8,750,547.00
29/06/2021	21,000	307.2820	6,452,922.00
30/06/2021	31,500	303.3472	9,555,436.80
01/07/2021	30,000	305.4789	9,164,367.00
02/07/2021	21,000	308.5244	6,479,012.40

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 1,204,000 shares as of July 2, 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 418,252,315.

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-26-2021,c3380046

The following files are available for download:

https://mb.cision.com/Main/905/3380046/1441092.pdf	Share buyback weekly ENG w.2021.26
https://mb.cision.com/Public/905/3380046/8b176f1ca3c80e61.pdf	Share buyback weekly Appendix w 2021 26

 

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SOURCE Alfa Laval

FAQ

What is the total amount allocated for the Alfa Laval share buyback program?

The total amount allocated for the Alfa Laval share buyback program is SEK 2 billion.

How many shares did Alfa Laval repurchase from June 28 to July 2, 2021?

Alfa Laval repurchased a total of 132,500 shares during the period from June 28 to July 2, 2021.

When does the Alfa Laval share buyback program end?

The Alfa Laval share buyback program is set to end on April 25, 2022.

How many own shares does Alfa Laval hold after the recent buybacks?

After the recent buybacks, Alfa Laval holds a total of 1,204,000 own shares.

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

The purpose of Alfa Laval's share buyback program is to optimize its capital structure.