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)

20.11.2023

96,000

75.1588

7,215,244.80

21.11.2023

87,000

76.3480

6,642,276.00

22.11.2023

107,000

76.7925

8,216,797.50

23.11.2023

82,000

77.2104

6,331,252.80

24.11.2023

120,000

76.8853

9,226,236.00

 

 

A shares

SEK

Total accumulated over week 47 /2023

492,000

37,631,807.10

Total accumulated during the repurchase program

2,332,500

166,622,988.60

 

 

 

Series B

Date

Aggregated daily volume (number of shares)

Weighted average share price per day (SEK)

Total daily transaction value (SEK)

20.11.2023

300,000

72.8680

21,860,400.00

21.11.2023

260,000

74.1878

19,288,828.00

22.11.2023

339,000

74.5926

25,286,891.40

23.11.2023

255,000

75.0419

19,135,684.50

24.11.2023

370,000

74.8712

27,702,344.00

 

 

B shares

SEK

Total accumulated over week 47/2023

1,524,000

113,274,147.90

Total accumulated during the repurchase program

7,227,000

500,020,523.10

 

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 9,559,500 shares, of which 2,332,500 shares of series A and 7,227,000 shares of series B, as of 24 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