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Loomis AB (LOIMY) delivers essential secure cash management and logistics services to financial institutions worldwide. This news hub provides investors and industry professionals with timely updates on corporate developments, operational milestones, and strategic initiatives.
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Loomis AB announced the completion of its share repurchase program for the second quarter of 2024, initially communicated on May 6, 2024.
The company repurchased a total of 702,500 shares, bringing their total holding of own shares to 1,331,453, which represents 1.88% of the company's outstanding shares.
The total number of shares in Loomis AB stands at 71,000,000, including the repurchased shares.
Details about the transactions can be found on Nasdaq OMX Nordic's website.
The information is also available on Loomis AB's official website.
On May 31, 2024, Loomis AB announced that it has cancelled 4,279,829 repurchased treasury shares in accordance with the Annual General Meeting resolution on May 6, 2024. The share capital remains at SEK 376,399,145 as the cancellation was balanced by a bonus issue, transferring funds from non-restricted shareholders' equity. As of May 30, 2024, Loomis AB has repurchased a total of 508,684 shares. The company's current holding is 1,137,637 own shares, and the total number of shares remains unchanged at 71,000,000. Each share holds an equivalent number of votes.
The Board of Directors of Loomis AB has resolved to continue repurchasing shares, authorized by the Annual General Meeting 2024. The repurchase will start on May 7, 2024, and end by June 24, 2024, with a maximum of SEK 200 million. Repurchases will be made on Nasdaq Stockholm within price intervals. Current own shares are 4,908,782, total shares 75,279,829. The repurchase is in line with the general meeting's authorization.
