Welcome to our dedicated page for Securitas news (Ticker: SCTBY), a resource for investors and traders seeking the latest updates and insights on Securitas stock.
Securitas AB reports developments tied to its global security services business, technology and solutions operations, and capital structure as an issuer of unsponsored ADRs under SCTBY. Company updates commonly cover interim financial reports, segment reporting changes, transformation and integration work following STANLEY Security, and operating themes such as aviation, critical infrastructure services, digitalization and artificial intelligence.
Recurring corporate news also includes debt refinancing, revolving credit facilities, Eurobond issuance, credit-rating actions, Investor Day targets, sustainability positioning, Annual General Meeting resolutions, dividends, board matters and share authorization decisions.
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Securitas AB is set to release its Interim Report for January-March 2023 on May 3, 2023, at approximately 1.00 p.m. (CEST). This report will be available through a press release from Cision and published on Securitas' official website. Following the report's release, presentation slides will be accessible at Securitas Presentations at 2.00 p.m. (CEST). A telephone conference with Securitas President and CEO Magnus Ahlqvist and CFO Andreas Lindback is scheduled for 2.30 p.m. (CEST), where participants can engage and ask questions. A recorded version of the audio cast will be available afterward.
Securitas has successfully closed a 4-year MEUR 600 bond in the Eurobond market on April 4, 2023. The bond was oversubscribed more than three times, enabling a coupon rate of 4.25 percent with a margin of 120 basis points. Proceeds from this issuance will primarily be used to refinance the remaining bridge facility linked to the acquisition of STANLEY Security, which was finalized on July 22, 2022. Post-issuance, approximately BSEK 1.7 remains on the bridge facility.
The shareholders of Securitas AB (OTC-PINK:SCTBY) are invited to the Annual General Meeting (AGM) on May 4, 2023, at 14:00 CEST in Stockholm, with registration starting at 13:00 CEST. Shareholders must be recorded in the share register by April 25, 2023, and notify their intent to participate by April 27, 2023. The proposed agenda includes management reports, dividend distribution of SEK 3.45 per share, election of board members, and a long-term incentive program. The AGM aims to enhance shareholder value and facilitate company acquisitions. Documentation for the AGM is available on the company's website.