Loomis AB: The Board of Loomis exercises its authorization to repurchase shares

2022-05-05 07:52:42

The repurchase may commence on May 6, 2022, end not later than on June 22, 2022, and comprise an amount up to a maximum of SEK 200 million. Repurchase shall be made on Nasdaq Stockholm, on one or more occasions, at a price within the prevailing price interval registered at each point in time (being the interval between the highest buying price and the lowest selling price). Payment for repurchased shares shall be made in cash. Nordea Bank Abp will administrate the repurchase and, based on the trading order given by Loomis, take trading decisions independently of Loomis with regard to the timing of the acquisitions.

Reporting will be made via the stock exchange in accordance with applicable rules.

The repurchase is made for the purposes set forth in the general meting's authorization.

The total number of shares in Loomis is 75,279,829 and the company holds 1,433,782 own shares.

This press release is also available on the company's website, www.loomis.com.

May 5, 2022

Cision