Buy-backs of shares in SSAB during week 43 2023

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During the period 2627 October 2023, SSAB AB (publ) (LEI 529900329VS14ZIML164) has repurchased in total 806,500 own shares, of which 195,500 shares of series A (ISIN: SE0000171100) and 611,000 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)

26.10.2023

100,000

62.9659

6,296,588

27.10.2023

95,500

64.9110

6,198,997

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A shares

SEK

Total accumulated over week 43 /2023

195,500

63.9160

Total accumulated during the repurchase program

195,500

63.9160

 

 

 

Series B

Date

Aggregated daily volume (number of shares)

Weighted average share price per day (SEK)

Total daily transaction value (SEK)

26.10.2023

314,000

60.5331

19,007,395

27.10.2023

297,000

62.4516

18,548,112

 

 

 

 

 

 

 

 

 

 

 

 

 

 

B shares

SEK

Total accumulated over week 43/2023

611,000

61.4656

Total accumulated during the repurchase program

611,000

61.4656

 

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 806,500 shares, of which 195,500 shares of series A and 611,000 shares of series B, as of 27 October 2023. 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. SSAB offers value added products and services developed in close cooperation with its customers to create a stronger, lighter and more sustainable world. SSAB has employees in over 50 countries. SSAB has production facilities in Sweden, Finland and the US. SSAB is listed on Nasdaq Stockholm and has a secondary listing on Nasdaq Helsinki. www.ssab.com.
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