Update on Loomis' ongoing share repurchase
Loomis AB has continued its share repurchase program, having bought back 434,000 shares in Q3 2022, bringing its total own shares to 2,691,782. The company's overall share count, including these repurchased shares, is now 75,279,829. This move reflects the board's strategy to enhance shareholder value and indicates strong financial footing.
- Share repurchase of 434,000 shares indicates strong financial health.
- Total shares repurchased now reach 2,691,782, enhancing shareholder value.
- None.
STOCKHOLM, Sept. 1, 2022 /PRNewswire/ -- The board of directors of Loomis AB resolved, and communicated, on July 21, 2022, to continue to repurchase own shares during the third quarter 2022.
As of August 31, 2022, the company has during the third quarter repurchased 434,000 own shares. The company's total holding of own shares thereby amounts to 2,691,782. The total number of shares in the company, including the company's own shares, amounts to 75,279,829.
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
September 1, 2022
CONTACT:
Kristian Ackeby
Chief Financial Officer
Mobile: +46 70 569 69 98
Email: kristian.ackeby@loomis.com
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SOURCE Loomis AB
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