Repurchase program of Loomis' shares

Rhea-AI Summary

Loomis AB announced the completion of its share repurchase program, which was initiated on May 5, 2022, and concluded on June 22, 2022. During this period, the company repurchased 824,000 shares, bringing its total holdings of own shares to 2,257,782 as of June 30, 2022. The overall number of shares in the company stands at 75,279,829. This strategic buyback may enhance shareholder value by potentially increasing earnings per share and reflects the company's commitment to returning capital to shareholders.

Positive

• Repurchased 824,000 shares, enhancing shareholder value.
• Total own shares now at 2,257,782, indicating a commitment to return capital.

Negative

• None.

SOLNA, Sweden, July 1, 2022 /PRNewswire/ -- Loomis AB has through the repurchase program that was resolved and communicated on May 5, 2022, and ended on June 22, 2022, repurchased 824,000 own shares. The company's holding of own shares thereby amounts to 2,257,782 shares, as of June 30, 2022. The total amount of shares in the company, including the company's own shares, amount to 75,279,829.

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

CONTACT:

Kristian  Ackeby
Chief Financial Officer
Mobile: +46 70 569 69 98   
Email: kristian.ackeby@loomis.com

Loomis offers safe and effective comprehensive solutions for payments and distribution, handling, storage and recycling of cash and other valuables. Loomis customers are banks, merchants and other operators. Loomis operates through an international network of more than 400 branches in more than 20 countries. Loomis employs around 24,000 people and had revenue in 2021 of approximately SEK 19.7 billion. Loomis is listed on Nasdaq Stockholm Large-Cap list.

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Repurchase program of Loomis' shares

View original content:https://www.prnewswire.com/news-releases/repurchase-program-of-loomis-shares-301579690.html

SOURCE Loomis AB

FAQ

What was the purpose of Loomis AB's share repurchase program?

The purpose was to enhance shareholder value by returning capital to shareholders.

How many shares did Loomis AB repurchase?

Loomis AB repurchased 824,000 shares during the program.

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

The total number of shares in Loomis AB is 75,279,829.

When did Loomis AB's share repurchase program start and end?

The program started on May 5, 2022, and ended on June 22, 2022.

What impact could the buyback have on Loomis AB's stock price?

The buyback could positively impact Loomis AB's stock price by increasing earnings per share and signaling confidence in the company.