#Sweden #Stockholm #share repurchase #stock buyback #Loomis AB

Loomis AB Completes Share Repurchase Program

In a strategic decision aimed at reinforcing shareholder value, Loomis AB has successfully concluded its share repurchase program in the fourth quarter of 2024. This initiative, which was initially announced and approved on October 28, 2024, involved the repurchase of a substantial 590,100 shares. This latest move elevates Loomis' total holdings of its own shares to 2,514,653. As a result, Loomis now holds approximately 3.54% of the total outstanding shares in the company, which currently numbers 71 million shares.

The timing of the share buyback aligns with the company's ongoing strategy to enhance its market presence and provide value to its shareholders. By reducing the total number of outstanding shares, Loomis effectively increases the ownership percentage of remaining shareholders, which can lead to a potential increase in stock price over time.

The share repurchase is part of a broader approach by Loomis to ensure financial robustness and respond effectively to market conditions. The decision to buy back shares reflects the company’s confidence in its long-term growth prospects and financial health.

In addition to enhancing shareholder value, the repurchase program underscores Loomis’ commitment to maintaining a balanced capital structure while pursuing its strategic goals. As the company gears up for future opportunities, this program provides a financial buffer that can be advantageous in times of economic uncertainty.

For full details of the repurchase program, interested parties can find more information on the NASDAQ website under corporate actions, as well as on Loomis’ official website. This transparent communication ensures that investors remain informed about the company’s activities and overall strategy.

Looking ahead, the leadership at Loomis is poised to continue its focus on sustainable growth, exploring new market opportunities, and enhancing its service offerings. In line with this vision, the company also plans to share its targets and strategic priorities during the upcoming Capital Markets Day.

As a responsible corporate entity, Loomis emphasizes sustainability and responsible investing, integrating these values into its business practices. The repurchase program not only aims to deliver short-term gains for shareholders but also aligns with the long-term strategic direction of the company.

In conclusion, with its recent completion of the share buyback, Loomis AB is reinforcing its market stance and demonstrating a commitment to its shareholders. As the company continues to navigate the complexities of the financial landscape, such strategic moves will be crucial for maintaining investor confidence and ensuring continued growth in the years to come.