Buy-backs of shares in SSAB during week 46 2023

Report this content

During the period 13 - 17 November 2023, SSAB AB (publ) (LEI 529900329VS14ZIML164) has repurchased in total 2,145,000 own shares, of which 515,000 shares of series A (ISIN: SE0000171100) and 1,630,000 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)

13.11.2023

115,000

70.8404

8,146,646.00

14.11.2023

105,000

72.6298

7,626,129.00

15.11.2023

90,000

74.2785

6,685,065.00

16.11.2023

105,000

74.1655

7,787,377.50

17.11.2023

100,000

74.9127

7,491,270.00

 

 

A shares

SEK

Total accumulated over week 46 /2023

515,000

37,736,487.50

Total accumulated during the repurchase program

1,840,500

128,991,181.50

 

 

 

Series B

Date

Aggregated daily volume (number of shares)

Weighted average share price per day (SEK)

Total daily transaction value (SEK)

13.11.2023

380,000

68.6496

26,086,848.00

14.11.2023

336,000

70.4456

23,669,721.60

15.11.2023

281,000

71.8837

20,199,319.70

16.11.2023

333,000

71.6754

23,867,908.20

17.11.2023

300,000

72.2896

21,686,880.00

 

 

B shares

SEK

Total accumulated over week 46/2023

1,630,000

115,510,677.50

Total accumulated during the repurchase program

5,703,000

386,746,375.20

 

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 7,543,500 shares, of which 1,840,500 shares of series A and 5,703,000 shares of series B, as of 17 November 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.
Join us also on social media: Facebook, Instagram, LinkedIn, Twitter and YouTube

Tags: