Loomis Board Approves Share Repurchase Program for Q3 2025
In a noteworthy decision, the Board of Directors at Loomis AB has approved a share repurchase program, set to take place during the third quarter of 2025. This move comes as part of the authorization granted by the Annual General Meeting held earlier this year, which reflects the company's commitment to enhancing shareholder value.
The share repurchase is scheduled to commence on June 28, 2025, and it must conclude by September 29, 2025. The total amount allocated for this repurchase initiative is a significant SEK 200 million, which Loomis plans to implement through transactions executed on Nasdaq Stockholm.
One of the crucial aspects of the repurchase is the pricing mechanism. Loomis has stipulated that the shares will be acquired at prices that fall within the registered price interval at the time of purchase. This means that the shares will be bought at current market rates, ensuring a fair transaction for both the company and its investors. The purchase transactions can occur on multiple occasions throughout the designated timeframe.
To facilitate this initiative, Danske Bank A/S's Sweden branch has been appointed as the administrator for the repurchase program. With this role, Danske Bank will execute trading decisions independently of Loomis, including the timing and volume of share acquisitions. This structure aims to streamline the repurchase process while adhering to market regulations.
Reporting on the share buyback activities will be conducted in compliance with the applicable stock exchange rules, ensuring transparency and accountability in how Loomis manages its capital. As of now, Loomis maintains ownership of 549,953 shares, and the overall share count, including these holdings, amounts to 68,500,000 shares.
This strategic move signals Loomis's confidence in its current market position and future prospects. By repurchasing shares, the company intends not only to return capital to shareholders but also to potentially uplift the stock price by reducing the number of shares outstanding in the market.
In summary, Loomis's planned share repurchase marks a significant step in its financial strategy, highlighting the company's commitment to maximizing shareholder returns while ensuring that it retains operational flexibility and capital strength. Investors and market analysts will be closely watching how this initiative unfolds and what impact it ultimately has on Loomis's market performance leading into the latter half of 2025.
The share repurchase is scheduled to commence on June 28, 2025, and it must conclude by September 29, 2025. The total amount allocated for this repurchase initiative is a significant SEK 200 million, which Loomis plans to implement through transactions executed on Nasdaq Stockholm.
One of the crucial aspects of the repurchase is the pricing mechanism. Loomis has stipulated that the shares will be acquired at prices that fall within the registered price interval at the time of purchase. This means that the shares will be bought at current market rates, ensuring a fair transaction for both the company and its investors. The purchase transactions can occur on multiple occasions throughout the designated timeframe.
To facilitate this initiative, Danske Bank A/S's Sweden branch has been appointed as the administrator for the repurchase program. With this role, Danske Bank will execute trading decisions independently of Loomis, including the timing and volume of share acquisitions. This structure aims to streamline the repurchase process while adhering to market regulations.
Reporting on the share buyback activities will be conducted in compliance with the applicable stock exchange rules, ensuring transparency and accountability in how Loomis manages its capital. As of now, Loomis maintains ownership of 549,953 shares, and the overall share count, including these holdings, amounts to 68,500,000 shares.
This strategic move signals Loomis's confidence in its current market position and future prospects. By repurchasing shares, the company intends not only to return capital to shareholders but also to potentially uplift the stock price by reducing the number of shares outstanding in the market.
In summary, Loomis's planned share repurchase marks a significant step in its financial strategy, highlighting the company's commitment to maximizing shareholder returns while ensuring that it retains operational flexibility and capital strength. Investors and market analysts will be closely watching how this initiative unfolds and what impact it ultimately has on Loomis's market performance leading into the latter half of 2025.
Topics Financial Services & Investing）
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