Loomis AB acquires own shares of series B
Following authorization by the Annual General Meeting 2010, the Board of Directors of Loomis AB (publ) has decided to acquire the company's own shares of series B on the NASDAQ OMX Stockholm.
The authorization is part of the incentive scheme adopted by the Annual General Meeting held on 29 April 2010 (“Incentive Scheme 2010”) and includes the number of the company's own shares of series B that could be transferred to participants in the Incentive Scheme 2010.
The acquisitions of the company's own shares of series B will take place prior to the Annual General Meeting to be held on 11 May 2011 and includes a maximum of 150,000 shares. The acquisition will take place within the so-called spread, that is, the interval between the highest purchase price and the lowest sales price. The acquisition is to take place in accordance with the Commission regulation (EC) No. 2273/2003 of 22 December 2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments.The acquisitions will be administered by an investment firm or a credit institution which makes its trading decisions in relation to Loomis AB's shares independently of, and without influence from, Loomis AB.
The total number of shares in Loomis AB amounts to 73,011,780 and the company holds, at the time of this press release, no own shares.
For information concerning the execution of acquisitions of own shares of series B, refer to the information provided on an ongoing basis at www.nasdaqomxnordic.com. The company has no intention to provide separate press releases for the executed purchases, unless a flagging obligation is in effect.
Loomis offers secure and efficient solutions for the distribution, handling and recovery of cash for banks, retailers and other commercial enterprises via an international network of more than 370 operational units in 13 European countries and in the USA. Loomis employs approximately 20,000 individuals and has sales of approximately SEK 11 billion. Loomis is quoted on the mid cap list of the NASDAQ OMX, Stockholm.
This information is of such character thatLoomis AB is legally obliged to publish, in accordance with the Securities Act and/or the Financial Instruments Trading (Market Abuse Penalties) Act. The information was submitted for publication on 18 April 2011, 08.00 am