Loomis AB (OM:LOOMIS) commences an Equity Buyback for 3,190,546 shares, representing 3.98% of its issued share capital under the authorization approved on May 6, 2024.
May 06, 2024
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Loomis AB (publ) (OM:LOOMIS) commences share repurchases on May 7, 2024, under the program mandated by the shareholders in the Annual General Meeting held on May 6, 2024. As per the mandate, the company is authorized to repurchase up to 3,190,546 shares, representing 3.98% of its issued share capital, such that the company?s holding in treasury together with the shares repurchased does not exceed 10% of its issued share capital at any point of time. The shares will be repurchased at a price which falls within the prevailing price interval registered at each point in time (i.e. in the interval between the highest purchase price and the lowest selling price). The purpose of the program is to continuously adapt the company?s capital structure to the company?s capital requirements and to enable financing of acquisitions by using own shares. The program is valid until the next Annual General Meeting. As of March 29, 2022, the company had 75,279,829 shares excluding treasury shares and 4,819,374 treasury shares.
On May 6, 2024, the company announces a share repurchase plan. Under the program, the company will repurchase up to SEK 200 million. The company will repurchase the shares through its broker. The repurchases will commence on May 7, 2024, and the program will expire on June 24, 2024.
Loomis AB is a Sweden-based holding company, which delivers a range of solutions for cash handling services primarily to financial institutions, retailers, other commercial enterprises and the public sector. Its offerings include Cash in Transit services, encompassing cash transportation services mainly used by banks and business enterprises carried out by a fleet of vehicles transporting cash to and from retailers, banks, safe deposit boxes and automated teller machines, and Cash Management services, such as counting, analysis, planning, reporting and authenticity and quality control of bills and coins. The Company has over 200 cash processing centers. It operates through a network of 400 branches located across numerous countries, including Argentina, Austria, the Czech Republic, Denmark, Finland, France, Norway, Portugal, Slovenia, Slovakia, Spain, Switzerland, Turkey, the United Kingdom, and the United States. It operates VIA MAT Holding AG and Intermarketing Oy as subsidiaries.
Loomis AB (OM: LOOMIS) commences an Equity Buyback for 3,190,546 shares, representing 3.98% of its issued share capital under the authorization approved on May 6, 2024.
LOOMIS AB 
