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)

27.12.2023

120,000

77.3095

9,277,140.00

28.12.2023

145,000

77.3611

11,217,359.50

29.12.2023

  19,423

77.7506

1,510,149.90

 

 

A shares

SEK

Total accumulated over week 52 /2023

   284,423

  22,004,649.40

Total accumulated during the repurchase program

4,489,777

335,612,317.30

 

Series B

Date

Aggregated daily volume (number of shares)

Weighted average share price per day (SEK)

Total daily transaction value (SEK)

27.12.2023

360,000

77.6487

27,953,532.00

28.12.2023

270,000

77.5972

20,951,244.00

29.12.2023

270,000

77.8926

21,031,002.00

 

 

B shares

SEK

Total accumulated over week 52/2023

     900,000

      69,935,778.00

Total accumulated during the repurchase program

13,786,996

1,010,252,292.19

 

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 18,276,773 shares, of which 4,489,777 shares of series A and 13,786,996 shares of series B, as of 29 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