Trelleborg
Threshold exceeded for major shareholding notification due to buyback of own shares
Trelleborg AB hereby announces, in accordance with Chapter 4, Section 18 of the Financial Instruments Trading Act (1991:980), that the company on January 30, 2024, acquired 56,307 own shares of series B, entailing that the company’s holding of own shares exceeded the threshold of 5 percent of all shares in the company. At the time of this press release, the company’s total holding of own shares amounted to 12,802,941 shares of series B, corresponding to 5.018 percent of the total number of shares and 2.502 percent of the total number of votes in the company.
The share buybacks form part of the buyback program of a maximum of 24,000,000 shares of series B for a total maximum amount of SEK 5,500 million, which Trelleborg announced on April 27, 2023. The buyback program, which runs between April 28, 2023, to April 23, 2024, and thus concludes the day before the 2024 Annual General Meeting, is being carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 (“MAR”) and the Commission Delegated Regulation (EU) No 2016/1052 (the “Safe Harbour Regulation”). The objective of the share buybacks is to adapt the company’s capital structure and thereby contribute to increased shareholder value. The Board of Director’s intent is that the repurchased shares will later be canceled by resolutions at upcoming annual general meetings.
The total number of shares in Trelleborg at the time of this press release amounts to 255,125,919 of which 28,500,000 are shares of series A and 226,625,919 are shares of series B.
Datum | 2024-01-31, kl 08:00 |
Källa | MFN |