Buy-backs of shares in SSAB during week 07 2024
During the period 12 – 16 February 2024, SSAB AB (publ) (LEI 529900329VS14ZIML164) has repurchased in total 1,601,000 own shares, of which 400,000 shares of series A (ISIN: SE0000171100) and 1,201,000 shares of series B (ISIN: SE0000120669), as part of the share buy-back program initiated by the Board of Directors with the purpose to adjust the company’s capital structure so as to create greater value for the company’s shareholders.
The share buy-back program, which SSAB announced on 25 October 2023 and which runs between 26 October 2023 and 11 March 2024, at the latest, is being carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 (“MAR”) and the Commission Delegated Regulation (EU) No 2016/1052 (the “Safe Harbour Regulation”). The Board of Directors intends to propose to the Annual General Meeting 2024 that it resolves to reduce the share capital by cancellation of the shares acquired by the company.
Shares of series A and series B in SSAB have been repurchased as follows as part of this share buy-back program.
Series A
|
Date |
Aggregated daily volume (number of shares) |
Weighted average share price per day (SEK) |
Total daily transaction value (SEK) |
|
12.02.2024 |
50,000 |
82.6601 |
4,133,005.00 |
|
13.02.2024 |
120,000 |
82.1304 |
9,855,648.00 |
|
14.02.2024 |
65,000 |
83.5092 |
5,428,098.00 |
|
15.02.2024 |
65,000 |
84.6743 |
5,503,829.50 |
|
16.02.2024 |
100,000 |
84.7187 |
8,471,870.00 |
|
|
A shares |
SEK |
|
Total accumulated over week 07/2024 |
400,000 |
33,392,450.50 |
|
Total accumulated during the repurchase program |
7,284,267 |
548,788,871.77 |
Series B
|
Date |
Aggregated daily volume (number of shares) |
Weighted average share price per day (SEK) |
Total daily transaction value (SEK) |
|
12.02.2024 |
141,000 |
82.0091 |
11,563,283.10 |
|
13.02.2024 |
360,000 |
81.5222 |
29,347,992.00 |
|
14.02.2024 |
200,000 |
83.0098 |
16,601,960.00 |
|
15.02.2024 |
200,000 |
84.2411 |
16,848,220.00 |
|
16.02.2024 |
300,000 |
84.3180 |
25,295,400.00 |
|
|
B shares |
SEK |
|
Total accumulated over week 07/2024 |
1,201,000 |
99,656,855.10 |
|
Total accumulated during the repurchase program |
22,209,130 |
1,647,959,943.98 |
All acquisitions have been carried out on Nasdaq Stockholm by BNP Paribas on behalf of SSAB. Following the above acquisitions, SSAB’s holding of own shares amounts to 29,493,397 shares, of which 7,284,267 shares of series A and 22,209,130 shares of series B, as of 16 February 2024. The total number of shares in SSAB is 1,029,835,326, of which 304,183,270 are shares of series A and 725,652,056 are shares of series B.
A full breakdown of the transactions pursuant to article 5.3 of MAR and article 2.3 of the Safe Harbour Regulation is attached to this announcement.
For further information, please contact:
Per Hillström, Head of Investor Relations, per.hillstrom@ssab.com, tel. +46 702 95 29 12
Viktoria Karsberg, Head of Corporate Identity and Group Communications,
viktoria.karsberg@ssab.com, tel. +46 72 233 5288
SSAB is a Nordic and US-based steel company that builds a stronger, lighter and more sustainable world through value added steel products and services. Working with our partners, SSAB has developed SSAB Fossil-free™ steel and plans to reinvent the value chain from the mine to the end customer, largely eliminating carbon dioxide emissions from our own operations. SSAB Zero™, a largely carbon emission-free steel based on recycled steel, further strengthens SSAB’s leadership position and our comprehensive, sustainable offering independent of the raw material. SSAB has employees in over 50 countries and production facilities in Sweden, Finland and the US. SSAB is listed on Nasdaq Stockholm and has a secondary listing on Nasdaq Helsinki. Join us on our journey! www.ssab.com, Facebook, Instagram, LinkedIn, X and YouTube.
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