Buybacks of shares in Alfa Laval during week 27 2021

Rhea-AI Summary

Alfa Laval AB has conducted a share buyback, repurchasing 123,923 shares from July 5 to July 9, 2021, as part of its SEK 2 billion buyback program initiated on April 27, 2021. The program aims to optimize the capital structure and will run until April 25, 2022. As of July 12, 2021, the company holds a total of 1,327,923 shares in treasury, with 419,456,315 total shares outstanding. All buybacks were executed on Nasdaq Stockholm by Nordea.

Positive

• Completion of share buyback program enhances capital structure.
• Growing treasury shares likely to boost shareholder value.

Negative

• None.

LUND, Sweden, July 12, 2021 /PRNewswire/ -- During the period July 5 - July 9, 2021, Alfa Laval AB (publ) (LEI code: 549300UCKT2UK88AG251) has repurchased in total 123,923 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)
05/07/2021	21,190	309.7883	6,564,414.08
06/07/2021	23,320	306.7586	7,153,610.55
07/07/2021	25,413	306.2405	7,782,489.83
08/07/2021	32,000	304.7198	9,751,033.60
09/07/2021	22,000	309.6478	6,812,251.60

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 1,327,923 shares as of July 12, 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 418,128,392.

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-27-2021,c3383757

The following files are available for download:

https://mb.cision.com/Main/905/3383757/1444061.pdf	Share buyback weekly ENG w.2021.27
https://mb.cision.com/Public/905/3383757/8d5b73284970f81a.pdf	Share buyback weekly Appendix w 2021 27

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SOURCE Alfa Laval

FAQ

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

The purpose is to optimize the capital structure of Alfa Laval.

How many shares did Alfa Laval buy back between July 5 and July 9, 2021?

Alfa Laval bought back a total of 123,923 shares during that period.

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

The total value of the program is SEK 2 billion.

When does Alfa Laval's share buyback program end?

The program is scheduled to end on April 25, 2022.

How many shares does Alfa Laval currently hold in treasury?

As of July 12, 2021, Alfa Laval holds 1,327,923 shares in treasury.

What impact does share buyback have on Alfa Laval's stock price?

Share buybacks typically reduce the number of outstanding shares, potentially increasing the stock price and shareholder value.