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)

02.01.2024

  85,786

77.6765

6,663,556.23

03.01.2024

140,000

76.4286

10,700,004.00

04.01.2024

150,000

76.1540

11,423,100.00

05.01.2024

  99,299

75.4220

7,489,329.18

 

 

A shares

SEK

Total accumulated over week 01/2024

   475,085

  36,275,989.41

Total accumulated during the repurchase program

4,964,862

371,888,306.71

 

Series B

Date

Aggregated daily volume (number of shares)

Weighted average share price per day (SEK)

Total daily transaction value (SEK)

02.01.2024

390,000

77.7035

30,304,365.00

03.01.2024

340,000

76.4009

25,976,306.00

04.01.2024

400,000

76.1348

30,453,920.00

05.01.2024

300,000

75.3888

22,616,640.00

 

 

B shares

SEK

Total accumulated over week 01/2024

  1,430,000

  109,351,231.00

Total accumulated during the repurchase program

15,216,996

1,119,603,523.19

 

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 20,181,858 shares, of which 4,964,862 shares of series A and 15,216,996 shares of series B, as of 05 January 2024. 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