Buy-backs of shares in SSAB during week 51 2023

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During the period 18 - 22 December 2023, SSAB AB (publ) (LEI 529900329VS14ZIML164) has repurchased in total 1,848,850 own shares, of which 466,854 shares of series A (ISIN: SE0000171100) and 1,381,996 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)

18.12.2023

116,854

77.3507

9,038,738.70

19.12.2023

  45,000

78.447

3,530,115.00

20.12.2023

105,000

77.8461

8,173,840.50

21.12.2023

  90,000

78.2936

7,046,424.00

22.12.2023

110,000

77.3695

8,510,645.00

 

 

A shares

SEK

Total accumulated over week 51 /2023

466,854

36,299,763.20

Total accumulated during the repurchase program

4,205,354

313,607,667.90

 

Series B

Date

Aggregated daily volume (number of shares)

Weighted average share price per day (SEK)

Total daily transaction value (SEK)

18.12.2023

356,996

77.4767

27,658,871.99

19.12.2023

115,000

78.5569

9,034,043.50

20.12.2023

320,000

77.9765

24,952,480.00

21.12.2023

290,000

78.5361

22,775,469.00

22.12.2023

300,000

77.7878

23,336,340.00

 

 

B shares

SEK

Total accumulated over week 51/2023

1,381,996

107,757,204.49

Total accumulated during the repurchase program

12,886,996

940,316,514.19

 

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 17,092,350 shares, of which 4,205,354 shares of series A and 12,886,996 shares of series B, as of 22 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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