Loomis AB share capital and number of shares

Rhea-AI Summary

On May 31, 2024, Loomis AB announced that it has cancelled 4,279,829 repurchased treasury shares in accordance with the Annual General Meeting resolution on May 6, 2024. The share capital remains at SEK 376,399,145 as the cancellation was balanced by a bonus issue, transferring funds from non-restricted shareholders' equity. As of May 30, 2024, Loomis AB has repurchased a total of 508,684 shares. The company's current holding is 1,137,637 own shares, and the total number of shares remains unchanged at 71,000,000. Each share holds an equivalent number of votes.

Positive

• Share capital remains unchanged at SEK 376,399,145.
• Repurchase of 4,279,829 treasury shares, enhancing shareholder value.
• Total number of shares and votes remain stable at 71,000,000.

Negative

• Repurchase of 508,684 shares indicates potential cash outflow.
• Holding of 1,137,637 own shares could indicate less cash availability for other investments.

STOCKHOLM, May 31, 2024 /PRNewswire/ -- In accordance with the resolution by the Annual General Meeting on May 6, 2024, Loomis AB has cancelled 4,279,829 repurchased treasury shares.

The share capital of SEK 376,399,145 remains unchanged since, simultaneous with the resolution to reduce the share capital by means of withdrawal of repurchased treasury shares, it was resolved to increase the share capital by a transfer from non-restricted shareholders' equity to the share capital (bonus issue). Thereby the share capital was restored to its balance prior to the reduction, without the issuing of any new shares.

Loomis AB has through the repurchase program that was resolved and communicated on May 6, 2024, and that is still being executed, repurchased 508,684 shares as of May 30, 2024. Loomis AB's holding of own shares thereby amounts to 1,137,637 shares.

The total number of shares in the Company, including the treasury shares held by Loomis AB (publ), on May 31, 2024, amounts to 71,000,000 shares with the equivalent number of votes.

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

May 31, 2024

CONTACT:

Jenny Boström
Head of Sustainability and IR
Mobile: +46 79 006 45 92
Email: jenny.bostrom@loomis.com

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Loomis AB Share capital and number of shares 2024

 

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SOURCE Loomis AB

FAQ

What is the total share capital of Loomis AB as of May 31, 2024?

The share capital of Loomis AB remains at SEK 376,399,145 as of May 31, 2024.

How many treasury shares did Loomis AB cancel in May 2024?

Loomis AB cancelled 4,279,829 repurchased treasury shares in May 2024.

What is the total number of shares in Loomis AB as of May 31, 2024?

The total number of shares in Loomis AB is 71,000,000 as of May 31, 2024.

How many shares has Loomis AB repurchased by May 30, 2024?

Loomis AB has repurchased 508,684 shares as of May 30, 2024.

What is the current holding of own shares by Loomis AB?

As of May 30, 2024, Loomis AB holds 1,137,637 own shares.