Autoliv Retires Repurchased Shares, Decreases Number of Issued Shares

Rhea-AI Summary

Autoliv, Inc. announced the retirement of 1,370,057 shares of common stock, resulting in a decrease in issued shares. The company now has 86,126,221 issued shares, with 81,373,679 shares outstanding. Autoliv holds 4,752,542 shares in treasury with no voting rights.

STOCKHOLM, March 28, 2024 /PRNewswire/ -- Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, today announced that as of March 28, 2024, the total number of issued shares of common stock is 86,126,221 of which 81,373,679 shares are outstanding. 

Autoliv retired 1,370,057 shares of common stock that had been repurchased during the quarter which resulted in a decrease in the issued shares.

The Company now has a total of 86,126,221 issued shares of common stock of which 81,373,679 shares are outstanding. Each share of outstanding common stock is entitled to one vote. After the retirement of the repurchased shares, Autoliv holds 4,752,542 shares of common stock in treasury which have no voting rights or rights to participate in distributions under Delaware law.

This information is of such character that Autoliv, Inc. is obliged to disclose in accordance with the Swedish Financial Instruments Trading Act (Sw. lagen (1991:980) om handel med finansiella instrument). The information was distributed for disclosure, through the agency of the contact persons set out below, on March 28, 2024, 10:45 CET.

Inquiries: 

Media: Gabriella Etemad, Tel +46 (70) 612 64 24
Investors & Analysts: Anders Trapp, Tel +46 (0)8 587 206 71
Investors & Analysts: Henrik Kaar, Tel +46 (0)8 587 206 14

About Autoliv

Autoliv, Inc. (NYSE: ALV; Nasdaq Stockholm: ALIV.sdb) is the worldwide leader in automotive safety systems. Through our group companies, we develop, manufacture and market protective systems, such as airbags, seatbelts, and steering wheels for all major automotive manufacturers in the world as well as mobility safety solutions, such as pedestrian protection, connected safety services and safety solutions for riders of powered two wheelers. At Autoliv, we challenge and re-define the standards of mobility safety to sustainably deliver leading solutions. In 2023, our products saved  35,000 lives and reduced more than 450,000 injuries.

Our 70,000 associates in 25 countries are passionate about our vision of Saving More Lives and quality is at the heart of everything we do. We drive innovation, research, and development at our 14 technical centers, with their 20 test tracks. Sales in 2023 amounted to $10.5 billion. For more information go to www.autoliv.com.

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https://news.cision.com/autoliv/r/autoliv-retires-repurchased-shares--decreases-number-of-issued-shares,c3954244

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SOURCE Autoliv

FAQ

How many issued shares of common stock does Autoliv have as of March 28, 2024?

Autoliv has 86,126,221 issued shares of common stock as of March 28, 2024.

How many outstanding shares of common stock does Autoliv have?

Autoliv has 81,373,679 outstanding shares of common stock.

What is the total number of shares Autoliv holds in treasury with no voting rights?

Autoliv holds 4,752,542 shares in treasury with no voting rights.

When were the shares of common stock retired by Autoliv?

The shares of common stock were retired by Autoliv as of March 28, 2024.

What is the impact of the retirement of shares on Autoliv's total issued shares?

The retirement of shares resulted in a decrease in Autoliv's total issued shares.

What law obliges Autoliv to disclose this information?

Autoliv is obliged to disclose this information in accordance with the Swedish Financial Instruments Trading Act.