The Board of Loomis has resolved to repurchase shares

Rhea-AI Summary

Loomis AB announces the decision to repurchase shares worth up to SEK 200 million, commencing on February 1, 2024, and ending on April 5, 2024. The company's total holding of its own shares amounts to 4,208,782 out of a total of 75,279,829 shares. The repurchase will be administered by Danske Bank A/S, Danmark, Sverige Filial, and reported via the stock exchange. The purpose of the repurchase aligns with the general meeting's authorization.

STOCKHOLM, Jan. 30, 2024 /PRNewswire/ -- The Board of Directors of Loomis AB has resolved to repurchase shares by virtue of the authorization granted by the annual general meeting 2023.

The repurchase may commence on February 1, 2024, end not later than on April 5, 2024, and comprise an amount up to a maximum of SEK 200 million. The repurchase shall be made on Nasdaq Stockholm, on one or more occasions, at a price within the prevailing price interval registered at each point in time (being the interval between the highest buying price and the lowest selling price). Payment for repurchased shares shall be made in cash. Danske Bank A/S, Danmark, Sverige Filial will administrate the repurchase and based on the trading order given by Loomis, take trading decisions independently of Loomis with regards to the timing of the acquisitions.

Reporting will be made via the stock exchange in accordance with applicable rules.

The repurchase is made for the purposes set forth in the general meeting's authorization.

The company's total holding of its own shares amounts to 4,208,782. The total number of shares in Loomis, including the company's own shares, amounts to 75,279,829.

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

January 30, 2024

CONTACT:

Jenny Boström
Head of Sustainability and IR

Mobile: +46 79 006 45 92
Email: jenny.bostrom@loomis.com

The following files are available for download:

https://mb.cision.com/Main/51/3918273/2571995.pdf

The Board of Loomis has resolved to repurchase shares

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SOURCE Loomis AB

FAQ

When will Loomis AB commence the share repurchase?

Loomis AB will commence the share repurchase on February 1, 2024.

What is the maximum amount allocated for the share repurchase by Loomis AB?

Loomis AB has allocated a maximum of SEK 200 million for the share repurchase.

Who will administer the share repurchase for Loomis AB?

The share repurchase for Loomis AB will be administered by Danske Bank A/S, Danmark, Sverige Filial.

What is the total number of shares in Loomis AB, including the company's own shares?

The total number of shares in Loomis AB, including the company's own shares, amounts to 75,279,829.