Buy-backs of shares in SSAB during week 48 2023

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During the period 27 November - 01 December 2023, SSAB AB (publ) (LEI 529900329VS14ZIML164) has repurchased in total 1,698,000 own shares, of which 416,000 shares of series A (ISIN: SE0000171100) and 1,282,000 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)

27.11.2023

76,000

78.1794

5,941,634.40

28.11.2023

85,000

79.2389

6,735,306.50

29.11.2023

85,000

79.2641

6,737,448.50

30.11.2023

85,000

79.9517

6,795,894.50

01.12.2023

85,000

80.7637

6,864,914.50

 

 

A shares

SEK

Total accumulated over week 48 /2023

416,000

33,075,198.40

Total accumulated during the repurchase program

2,748,500

199,698,187.00

 

 

 

Series B

Date

Aggregated daily volume (number of shares)

Weighted average share price per day (SEK)

Total daily transaction value (SEK)

27.11.2023

230,000

76.2690

17,541,870.00

28.11.2023

265,000

77.4728

20,530,292.00

29.11.2023

257,000

78.1180

20,076,326.00

30.11.2023

265,000

78.4942

20,800,963.00

01.12.2023

265,000

79.1003

20,961,579.50

 

 

B shares

SEK

Total accumulated over week 48/2023

1,282,000

99,911,030.50

Total accumulated during the repurchase program

8,509,000

599,931,553.60

 

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 11,257,500 shares, of which 2,748,500 shares of series A and 8,509,000 shares of series B, as of 01 December 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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