The Board of Loomis has resolved to continue to repurchase own shares

The board of directors of Loomis AB has resolved to during the third quarter continue the repurchase of own shares that was initiated earlier this year, by virtue of the authorization granted by the annual general meeting 2022.

The repurchase may commence on July 25, 2022, end not later than on September 28, 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 2,257,782 own shares.

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

July 21, 2022 

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.