Loomis AB to Initiate Share Repurchase Program
STOCKHOLM – The Board of Directors at Loomis AB is taking an exciting step aimed at enhancing shareholder value by authorizing a share repurchase plan. This decision follows the approval granted during the Annual General Meeting held in 2025 and is set to take effect soon.
Details of the Share Buyback
According to the approved resolution, the share repurchase program is scheduled to commence on November 3, 2025, and will continue until at least January 2, 2026. The company plans to allocate a sum up to a maximum of SEK 200 million for this buyback initiative. These shares will be purchased on the Nasdaq Stockholm platform and will occur on one or more occasions. The repurchase will be conducted within the price range that is actively registered at each moment, ensuring that the company acquires shares at a fair market price.
Management of the Repurchase
The distinguished Danske Bank A/S has been appointed to handle the execution of this share buyback. Their role involves making independent trading decisions based on the instructions provided by Loomis. This autonomy allows for strategic timing in the purchase of shares to maximize the potential benefits for shareholders.
Current Shareholding and Impact
As it stands, Loomis holds 1,037,853 of its own shares. When considering the total outstanding shares, including the repurchased shares, Loomis will have a total of 68,500,000 shares in circulation. This repurchase initiative is expected to contribute to a healthier shareholder composition going forward, aligning with the company’s commitment to maintaining robust financial strategies.
Accountability and Reporting
Transparency is vital for Loomis, and as part of its commitment, the company will provide regular updates regarding the share repurchase through the stock exchange, adhering to all regulatory requirements. This means shareholders will stay informed about the progress and effectiveness of the initiative in real time.
Future Outlook for Loomis AB
Looking ahead, Loomis AB is continuously focused on strategic opportunities that amplify shareholder value. The share repurchase initiative marks a pivotal moment in the company’s efforts to leverage its financial resources effectively while reinforcing investor confidence. Loomis remains committed to adapting to market demands and is keen on exploring paths for sustainable growth.
Contact Information
For more insights or further inquiries, stakeholders can reach out to:
Jenny Boström
Head of Sustainability and Investor Relations
+46 79 006 45 92
Frequently Asked Questions
What is the purpose of the share repurchase program?
The share repurchase program is created to enhance shareholder value and improve financial metrics.
When will the repurchase program start?
The program is set to commence on November 3, 2025, and conclude no later than January 2, 2026.
How much will Loomis spend on the repurchase?
Loomis has authorized a maximum expenditure of SEK 200 million for the buyback.
Who manages the share repurchase process?
The repurchase process will be administrated by Danske Bank A/S, which will make independent trading decisions.
How many shares does Loomis currently hold?
Currently, Loomis holds 1,037,853 of its own shares, contributing to a total of 68,500,000 shares outstanding.
