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)

26.02.2024

  97,000

78.7240

7,636,228.00

27.02.2024

  85,000

81.9940

6,969,490.00

28.02.2024

  85,000

82.8173

7,039,470.50

29.02.2024

  85,000

80.9000

6,876,500.00

01.03.2024

  85,000

80.3184

6,827,064.00

 

 

A shares

SEK

Total accumulated over week 09/2024

    437,000

  35,348,752.50

Total accumulated during the repurchase program

  8,134,120

618,435,622.84

 

 

Series B

Date

Aggregated daily volume (number of shares)

Weighted average share price per day (SEK)

Total daily transaction value (SEK)

26.02.2024

290,000

78.1297

22,657,613.00

27.02.2024

260,000

81.5739

21,209,214.00

28.02.2024

250,000

82.4032

20,600,800.00

29.02.2024

255,000

80.7359

20,587,654.50

01.03.2024

250,000

80.2891

20,072,275.00

 

 

B shares

SEK

Total accumulated over week 09/2024

  1,305,000

   105,127,556.50

Total accumulated during the repurchase program

24,743,710

1,854,622,551.06

 

 

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 32,877,830 shares, of which 8,134,120 shares of series A and 24,743,710 shares of series B, as of 01 March 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