Buybacks of shares in Alfa Laval during week 44, 2021

Rhea-AI Summary

Alfa Laval AB has repurchased a total of 105,000 shares from November 1 - November 5, 2021, part of its SEK 2 billion share buyback program initiated on April 27, 2021. This program, ongoing until April 25, 2022, aims to optimize the capital structure in compliance with EU regulations. The latest acquisitions increased Alfa Laval's treasury stock to 3,234,000 shares. As of November 5, 2021, the total shares amount to 419,456,315, with 416,222,315 shares outstanding.

Positive

• The ongoing SEK 2 billion buyback program enhances shareholder value.
• Increased treasury stock to 3,234,000 shares signals confidence in the company's future.

Negative

• None.

LUND, Sweden, Nov. 8, 2021 /PRNewswire/ -- During the period November 1 - November 5, 2021, Alfa Laval AB (publ) (LEI code: 549300UCKT2UK88AG251) has repurchased in total 105,000 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)
01/11/2021	28,000	366.1150	10,251,220.00
02/11/2021	15,760	366.9927	5,783,804.95
03/11/2021	19,240	369.4602	7,108,414.25
04/11/2021	19,000	372.7802	7,082,823.80
05/11/2021	23,000	370.8489	8,529,524.70

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 3,234,000 shares as of November 5, 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 416,222,315.

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-44--2021,c3449105

The following files are available for download:

https://mb.cision.com/Main/905/3449105/1492811.pdf	Share buyback weekly ENG w.44.2021
https://mb.cision.com/Public/905/3449105/add82a8572fb159f.pdf	Share buyback weekly appendix w 44 2021

 

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SOURCE Alfa Laval

FAQ

What was the purpose of Alfa Laval's share buyback program announced on April 27, 2021?

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

How many shares did Alfa Laval repurchase during the week of November 1-5, 2021?

During the week of November 1-5, 2021, Alfa Laval repurchased a total of 105,000 shares.

What is the total number of shares outstanding for Alfa Laval as of November 5, 2021?

As of November 5, 2021, the total number of outstanding shares for Alfa Laval is 416,222,315.

How does the share buyback program affect Alfa Laval's stock price?

The buyback program is expected to support Alfa Laval's stock price by reducing the number of shares outstanding, potentially increasing earnings per share.