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)

06.11.2023

106,000

71.2934

7,557,100.40

07.11.2023

113,000

71.0216

8,025,440.80

08.11.2023

113,000

70.8334

8,004,174.20

09.11.2023

101,000

72.1531

7,287,463.10

10.11.2023

119,000

71.4999

8,508,488.10

 

 

A shares

SEK

Total accumulated over week 45/2023

552,000

39,382,666.60

Total accumulated during the repurchase program

1,325,500

91,254,694.00

 

 

 

Series B

Date

Aggregated daily volume (number of shares)

Weighted average share price per day (SEK)

Total daily transaction value (SEK)

06.11.2023

325,000

69.0658

22,446,385.00

07.11.2023

350,000

68.7506

24,062,710.00

08.11.2023

350,000

68.6884

24,040,940.00

09.11.2023

317,000

69.8698

22,148,726.60

10.11.2023

330,000

69.3512

22,885,896.00

 

 

B shares

SEK

Total accumulated over week 45/2023

1,672,000

115,584,657.60

Total accumulated during the repurchase program

4,073,000

271,235,697.70

 

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 5,398,500 shares, of which 1,325,500 shares of series A and 4,073,000 shares of series B, as of 10 November 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