Loomis AB to Repurchase Own Shares with Up to SEK 200 Million
Board of Directors Resolves to Continue Repurchasing
Recently, the board of directors of Loomis AB announced their resolution to continue repurchasing own shares. This comes after the authorization granted by the annual general meeting of 2022. The repurchase process will begin on February 3, 2023 and end by March 31, 2023.
Maximum Repurchase Amount Set at SEK 200 Million
The maximum amount for repurchasing has been set at SEK 200 million. The repurchase will be made on Nasdaq Stockholm and can take place on one or more occasions. The price of the shares will be within the prevailing price interval, determined at each point in time.
Payment Made in Cash
Loomis AB has decided that payment for the repurchased shares will be made in cash. Nordea Bank Abp will administer the repurchase process and make trading decisions independently of Loomis.
Reporting Made Via the Stock Exchange
To keep the public informed, reporting on the repurchase will be made via the stock exchange in accordance with applicable rules.
Total Holding of Own Shares Amounts to 3,622,782
The total number of Loomis’ own shares amounts to 3,622,782 out of 75,279,829 total shares in the company. The repurchase is being made for the purposes outlined in the general meeting’s authorization.
Loomis AB is set to repurchase its own shares with a maximum amount of SEK 200 million. This repurchase will be closely monitored and reported on via the stock exchange for complete transparency.
Donald Castillo is a journalist and reporter with extensive experience covering news and current events. He has a deep understanding of the news industry and is able to analyze and report on complex issues with accuracy and insight. Castillo has a strong background in investigative journalism and is known for his ability to uncover hidden stories and bring them to light.
He is dedicated to providing fair and unbiased coverage and is committed to uncovering the truth and holding those in power accountable. He has a degree in journalism from a reputed college. Castillo is widely respected in the industry for his integrity and commitment to journalistic excellence.
Email: [email protected]
Address: 1122 North Cottage Grove, Miles City, MT 59301, USA
Contact number: 616-690-7300