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)

12.02.2024

    50,000

82.6601

  4,133,005.00

13.02.2024

  120,000

82.1304

  9,855,648.00

14.02.2024

    65,000

83.5092

  5,428,098.00

15.02.2024

    65,000

84.6743

  5,503,829.50

16.02.2024

  100,000

84.7187

  8,471,870.00

 

 

A shares

SEK

Total accumulated over week 07/2024

    400,000

  33,392,450.50

Total accumulated during the repurchase program

 7,284,267

548,788,871.77

 

Series B

Date

Aggregated daily volume (number of shares)

Weighted average share price per day (SEK)

Total daily transaction value (SEK)

12.02.2024

141,000

82.0091

  11,563,283.10

13.02.2024

360,000

81.5222

  29,347,992.00

14.02.2024

200,000

83.0098

  16,601,960.00

15.02.2024

200,000

84.2411

  16,848,220.00

16.02.2024

300,000

84.3180

  25,295,400.00

 

 

B shares

SEK

Total accumulated over week 07/2024

  1,201,000

     99,656,855.10

Total accumulated during the repurchase program

22,209,130

1,647,959,943.98

 

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 29,493,397 shares, of which 7,284,267 shares of series A and 22,209,130 shares of series B, as of 16 February 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