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)

08.01.2024

 150,000

74.444

11,166,600.00

09.01.2024

 140,000

74.8940

10,485,160.00

10.01.2024

 130,000

74.5768

  9,694,984.00

11.01.2024

  60,000

75.8056

  4,548,336.00

12.01.2024

  75,000

75.9909

  5,699,317.50

 

 

A shares

SEK

Total accumulated over week 02/2024

   555,000

  41,594,397.50

Total accumulated during the repurchase program

 5,519,862

413,482,704.21

 

Series B

Date

Aggregated daily volume (number of shares)

Weighted average share price per day (SEK)

Total daily transaction value (SEK)

08.01.2024

450,000

74.4244

33,490,980.00

09.01.2024

440,000

74.8278

32,924,232.00

10.01.2024

430,000

74.4171

31,999,353.00

11.01.2024

150,000

75.5563

11,333,445.00

12.01.2024

160,000

75.5483

12,087,728.00

 

 

B shares

SEK

Total accumulated over week 02/2024

  1,630,000

  121,835,738.00

Total accumulated during the repurchase program

16,846,996

1,241,439,261.19

 

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 22,366,858 shares, of which 5,519,862 shares of series A and 16,846,996 shares of series B, as of 12 January 2024. The total number of shares in SSAB is 1,029,835,3276, 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