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)

11.12.2023

110,000

77.3509

8,508,599.00

12.12.2023

  75,000

77.9216

5,844,120.00

13.12.2023

130,000

77.0871

10,021,323.00

14.12.2023

110,000

76.0772

8,368,492.00

15.12.2023

  57,000

76.9529

4,386,315.30

 

 

A shares

SEK

Total accumulated over week 50 /2023

482,000

37,128,849.30

Total accumulated during the repurchase program

3,738,500

277,307,904.70

 

 

Series B

Date

Aggregated daily volume (number of shares)

Weighted average share price per day (SEK)

Total daily transaction value (SEK)

11.12.2023

350,000

76.4236

26,748,260.00

12.12.2023

195,000

77.0478

15,024,321.00

13.12.2023

380,000

76.3491

29,012,658.00

14.12.2023

360,000

75.8263

27,297,468.00

15.12.2023

170,000

76.9555

13,082,435.00

 

 

B shares

SEK

Total accumulated over week 50/2023

1,455,000

111,165,142.00

Total accumulated during the repurchase program

11,505,000

832,559,309.70

 

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 15,243,500 shares, of which 3,738,500 shares of series A and 11,505,000 shares of series B, as of 15 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