The share buy-back program, which SSAB announced on 25 October 2023 and which runs between 26 October 2023 and 11 March 2024, at the latest, 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 Board of Directors intends to propose to the Annual General Meeting 2024 that it resolves to reduce the share capital by cancellation of the shares acquired by the company.

Shares of series A and series B in SSAB have been repurchased as follows as part of this share buy-back program.

Series A

Date

Aggregated daily volume (number of shares)

Weighted average share price per day (SEK)

Total daily transaction value (SEK)

04.12.2023

81,000

80.7969

6,544,548.90

05.12.2023

87,000

81.5830

7,097,721.00

06.12.2023

75,000

81.4862

6,111,465.00

07.12.2023

130,000

78.9258

10,260,354.00

08.12.2023

135,000

77.5317

10,466,779.50

 

 

A shares

SEK

Total accumulated over week 49 /2023

508,000

40,480,868.40

Total accumulated during the repurchase program

3,256,500

240,179,055.40

 

 

 

Series B

Date

Aggregated daily volume (number of shares)

Weighted average share price per day (SEK)

Total daily transaction value (SEK)

04.12.2023

238,000

79.6075

18,946,585.00

05.12.2023

255,000

80.4141

20,505,595.50

06.12.2023

238,000

80.5407

19,168,686.60

07.12.2023

400,000

78.3406

31,336,240.00

08.12.2023

410,000

76.8427

31,505,507.00

 

 

B shares

SEK

Total accumulated over week 49/2023

1,541,000

121,462,614.10

Total accumulated during the repurchase program

10,050,000

721,394,167.70

 

All acquisitions have been carried out on Nasdaq Stockholm by BNP Paribas on behalf of SSAB. Following the above acquisitions, SSAB’s holding of own shares amounts to 13,306,500 shares, of which 3,256,500 shares of series A and 10,050,000 shares of series B, as of 08 December 2023. The total number of shares in SSAB is 1,029,835,326, of which 304,183,270 are shares of series A and 725,652,056 are shares of series B.

A full breakdown of the transactions pursuant to article 5.3 of MAR and article 2.3 of the Safe Harbour Regulation is attached to this announcement.

For further information, please contact:
Per Hillström, Head of Investor Relations, [email protected], tel. +46 702 95 29 12
Viktoria Karsberg, Head of Corporate Identity and Group Communications, [email protected],
tel. +46 72 233 5288