SOLNA, Sweden, May 5, 2022
/PRNewswire/ -- The board of directors of Loomis AB has resolved to
exercise the authorization, granted by the annual general meeting
on May 4, 2022.
The repurchase may commence on May 6,
2022, end not later than on June 22,
2022, and comprise an amount up to a maximum of SEK 200 million. 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. Nordea Bank Abp will administrate the repurchase and, based
on the trading order given by Loomis, take trading decisions
independently of Loomis with regard 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
meting's authorization.
The total number of shares in Loomis is 75,279,829 and the
company holds 1,433,782 own shares.
This press release is also available on the company's website,
www.loomis.com.
May 5, 2022
CONTACT:
Kristian Ackeby
Chief Financial Officer
Mobile: +46 70 569 69 98
Email: kristian.ackeby@loomis.com
Anders Haker
Chief Investor Relations Officer
Mobile: +1 281 795 8580
Email: anders.haker@loomis.com
This information was brought to you by Cision
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The Board of Loomis
exercises its authorization to repurchase shares
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SOURCE Loomis AB