Loomis AB's holding of own shares exceeds five percent

Rhea-AI Summary

Loomis AB reported that as of February 16, 2023, it holds 3,777,782 own shares, equating to 5.02% of the company’s voting rights and capital. The total number of shares, including its own, stands at 75,279,829. The Board of Directors decided on February 1, 2023, to continue the repurchase of own shares during Q1 2023, starting on February 3, 2023, following authorization granted by the 2022 annual general meeting. Shareholders can find more information on the repurchase program on the company's website or through Nasdaq Nordic.

Positive

• Loomis AB's repurchase of shares reflects a commitment to enhancing shareholder value.
• The continued buyback program indicates strong financial health and confidence in future performance.

Negative

• None.

STOCKHOLM, Feb. 17, 2023 /PRNewswire/ -- As of February 16, 2023, Loomis AB held 3,777,782 own shares, corresponding to 5.02 percent of the votes and capital in the company. The total number of shares in Loomis AB, including the company's own shares, amounts to 75,279,829.

The Board of Directors of Loomis AB resolved, and communicated, on February 1, 2023, to continue to repurchase of own shares during the first quarter 2023 by virtue of the authorization granted by the annual general meeting 2022. The repurchase of shares commenced on February 3, 2023.

For information about transactions in the repurchase program, please see: www.nasdaqomxnordic.com/news/corporate-actions/repurchase-of-own-shares.

This press release is also available on the company's website, www.loomis.com

CONTACT:

Jenny Boström
Head of Investor Relations
Mobile: +46 79 006 45 92
Email: jenny.bostrom@loomis.com

The following files are available for download:

https://mb.cision.com/Main/51/3717282/1856989.pdf

Loomis AB’s holding of own shares exceeds five percent

View original content:https://www.prnewswire.com/news-releases/loomis-abs-holding-of-own-shares-exceeds-five-percent-301749662.html

SOURCE Loomis AB

FAQ

What percentage of shares does Loomis AB own as of February 16, 2023?

As of February 16, 2023, Loomis AB owns 3,777,782 shares, which is 5.02% of the company's voting rights and capital.

When did Loomis AB start its share repurchase program?

Loomis AB commenced its share repurchase program on February 3, 2023.

What is the total number of shares outstanding for Loomis AB?

The total number of shares outstanding for Loomis AB, including its own shares, is 75,279,829.

Why is Loomis AB repurchasing shares?

Loomis AB is repurchasing shares to enhance shareholder value, as authorized by the annual general meeting in 2022.