Loomis AB to Repurchase Shares in Fourth Quarter of 2025
In a significant move aimed at enhancing shareholder value, Loomis AB's Board of Directors has decided to initiate a share repurchase program during the fourth quarter of 2025. This action, authorized by the Annual General Meeting of the same year, will allow the company to buy back its own shares, thereby reducing the total number of shares outstanding on the market.
The share repurchase is set to commence on
November 3, 2025, and is scheduled to conclude no later than
January 2, 2026. The total budget allocated for this initiative amounts to a maximum of
SEK 200 million. The buybacks will be executed on the
Nasdaq Stockholm exchange, and transactions may occur on multiple occasions within the designated timeframe. Notably, purchases will be made at prices specified by the prevailing market conditions, specifically within the interval between the highest buying price and the lowest selling price at the moment of each transaction.
To administrate the repurchase process,
Danske Bank A/S, Sverige Filial has been appointed. They will operate independently when making trading decisions based on directions provided by Loomis. This approach underscores Loomis' commitment to enhancing operational efficiency while aligning the repurchase strategy with market realities.
As outlined in the company's official communication, all financial transactions related to the repurchase will be settled in cash. Additionally, Loomis will ensure that reporting on the repurchase activities adheres strictly to applicable rules mandated by stock exchange regulations.
Currently, Loomis holds
1,037,853 of its own shares, part of a total of
68,500,000 shares outstanding. The intention behind this repurchase is grounded in the authorization outlined during the general meeting, emphasizing Loomis' strategy to allocate resources effectively while potentially increasing shareholder returns.
For interested parties seeking further details on this share repurchase plan, additional information can also be found on the company's official website at
www.loomis.com.
This proactive measure reflects Loomis AB's ongoing efforts to adapt to market conditions and proactively manage capital allocation strategies aimed at maximizing shareholder value over the long term. Investors and market analysts will undoubtedly be watching the execution and subsequent impact of this share buyback closely as it unfolds in the coming months.