LOOMIS AB (PUBL)

LOOMIS
Delayed Quote. Delayed  - 07/30 11:29:30 am
288.7SEK -2.79%

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

07/22/2021 | 01:01pm

The board of directors of Loomis AB has resolved to exercise the authorization, granted by the annual general meeting 2021, to repurchase own shares to adapt Loomis' capital structure to the company's capital requirements.

The repurchase may commence on 26 July 2021, end not later than on 30 September 2021 and comprise an amount up to a maximum of SEK 150 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 a trading order given by Loomis, take trading decisions independently of Loomis. No acquisitions will be made during a 30-day period prior to the announcement of a financial report.

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

The total number of shares in Loomis is 75,279,829 and the company holds 53,797 own shares.

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

22 July 2021

Kristian  Ackeby
CFO

Mobile: +46 70 569 69 98   
Email: kristian.ackeby@loomis.com

Anders Haker
Chief Investor Relations Officer

Mobile: +1 281 795 8580
Email: anders.haker@loomis.com

Loomis offers safe and effective comprehensive solutions for the distribution, handling, storage and recycling of cash and other valuables. Loomis customers are banks, merchants and other operators. Loomis operates through an international network of more than 400 branches in more than 20 countries. Loomis employs around 23,000 people and had revenue in 2020 of approximately SEK 18.8 billion. Loomis is listed on Nasdaq Stockholm Large-Cap list.

This information is information that Loomis AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted or publication, through the agency of the contact person set out below, at 7.00 p.m. CEST on July 22, 2021.

https://news.cision.com/loomis-ab/r/the-board-of-loomis-exercises-its-authorization-to-repurchase-shares,c3388515

https://mb.cision.com/Main/51/3388515/1659.pdf

(c) 2021 Cision. All rights reserved., source Press Releases - English

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