Autoliv Takes Significant Steps by Retiring Shares and Lowering Total Issued Stock Count

Autoliv's Recent Strategic Move in Share Management

In a significant strategic decision, Autoliv, Inc., recognized globally for its leadership in automotive safety systems, has announced a major adjustment to its share structure as of December 31, 2024. The company has opted to retire a total of 3,043,953 shares of its common stock, which comprise both repurchased shares from the recent quarter and treasury shares that weren't related to those purchases.

Details of the Share Retirement

The latest figures show that after this retirement, Autoliv will have 80,443,340 total issued shares. Out of these, 77,712,479 shares will remain outstanding, maintaining the credibility of the company's equity structure. The share retirement comes as Autoliv aims for financial prudence and a more efficient capital structure. The action reflects the company's strong position in the market and its commitment to delivering value to its shareholders.

Each outstanding share holds a voting right, granting shareholders a voice in the company's governance. However, with this move, Autoliv retains 2,730,861 shares in treasury, which do not confer voting rights or eligibility to distribute dividends under Delaware law.

Implications of the Move

This decision indicates Autoliv's intent to optimize its equity profile, potentially leading to an enhanced shareholder value proposition. By reducing the number of outstanding shares, they effectively increase the value of each remaining share, providing stockholders with a more favorable financial outlook.

According to the Swedish Financial Instruments Trading Act, such significant information is mandated for disclosure, and Autoliv is in compliance with these regulations. This announcement was disseminated through established channels to parallel the company's transparency commitments.

About Autoliv

Founded with a vision of advancing vehicle safety, Autoliv, Inc. has emerged as the predominant player in the global automotive safety landscape. Their innovative offerings range from airbags and seatbelts to sophisticated mobility safety solutions, including connected safety services and pedestrian protection systems. In a landmark achievement in 2023, their products played a vital role in saving 35,000 lives and reducing injuries by over 450,000.

Employing approximately 70,000 associates in 25 countries, Autoliv prioritizes quality and innovation in its operations. With 14 technical centers and 20 test tracks at its disposal, the company is relentless in its pursuit of safety advancement. In 2023, Autoliv reported sales reaching $10.5 billion, indicating the robust demand for their safety solutions across the automotive industry.

As the automotive sector continues to evolve, Autoliv remains committed to redefining safety standards for the future, driven by their mission to Save More Lives.

For more information on Autoliv and their initiatives, please visit www.autoliv.com.

Stay tuned for further updates on how Autoliv continues to make strides in automotive safety innovations and corporate governance.