Boliden AB's Strategic Share Repurchase Boosts Market Position

Boliden AB Completes Significant Share Repurchase
In a commendable move, Boliden AB has recently repurchased a total of 130,000 treasury shares. This decision came as part of a broader strategy approved by the Board of Directors to strengthen the company's financial position and enhance the value delivered to shareholders.
Details of the Share Transactions
On October 22, Boliden successfully executed these transactions, investing a total of SEK 53,498,770 in the repurchase. Each share was acquired at a weighted average price of SEK 411.529, signaling the company's commitment to maintaining robust performance in the stock market.
Compliance with Regulations
The recent share repurchase aligns with the EU Market Abuse Regulation and the Safe Harbour Regulation, ensuring all actions taken by Boliden are within legal frameworks. These measures are crucial for maintaining transparency and market integrity.
Market Impact and Future Outlook
Following this transaction, Boliden's total treasury shares now stand at 270,000. The company’s overall share count reaches 284,085,454. This enhancement of treasury stock serves as a strategic move to fortify market confidence and provide essential support for the proposed long-term share savings program running from 2025 to 2028.
Role of Skandinaviska Enskilda Banken
All share acquisitions were facilitated by Skandinaviska Enskilda Banken AB, acting on behalf of Boliden. Their involvement underscores the importance of having competent partners in significant financial transactions, ensuring that share buybacks are executed efficiently and effectively.
Communication and Investor Relations
For investors and stakeholders seeking additional information about the share repurchase, Klas Nilsson, the Director of Group Communications, is the designated contact. Interested parties can reach out through the provided contact number for any queries regarding the implications of this repurchase on corporate strategies.
Boliden’s dedication to enhancing shareholder value continues to reflect in their strategic financial decisions, aiming to sustain market leadership within the mining industry.
Frequently Asked Questions
Why is Boliden AB repurchasing its shares?
The repurchase aims to secure future delivery of shares under the long-term share savings program for 2025/2028 and enhance shareholder value.
How many shares did Boliden repurchase?
Boliden repurchased a total of 130,000 treasury shares on October 22.
What was the total amount spent on the share repurchase?
The total expenditure for the share repurchase amounted to SEK 53,498,770.
Which bank facilitated the share buyback?
Skandinaviska Enskilda Banken AB conducted the share buybacks on behalf of Boliden.
What is the total number of shares in Boliden after the repurchase?
After the repurchase, Boliden's total shares amount to 284,085,454 shares.
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