Loomis AB acquires own shares of series B
Following authorization by the Annual General Meeting 2011, 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 11 May 2011 (“Incentive Scheme 2011”) and includes the number of the company's own shares of series B that could be transferred to participants in the Incentive Scheme 2011.
The acquisitions of the company's own shares of series B will take place prior to the Annual General Meeting 2012 and includes a maximum of 325,000 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 acquisitions may 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 toLoomisAB's shares independently of, and without influence from,LoomisAB.
The total number of shares in Loomis AB amounts to 73,011,780 and the company holds, at the time of this press release 119,464 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 safe and effective comprehensive solutions for the distribution, handling and recycling of cash for banks, retailers and other commercial companies via an international network consisting of more than 370 branch offices in 14 European countries and in the US. Loomis has 20 000 employees and a turnover of 11 billion Swedish kronor. Loomis is a midcap listed company on NASDAQ OMX Stockholm.
Loomis AB discloses the information provided herein pursuant to the Swedish Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 20:45 p.m. (CET) on July 28th, 2011.