Securitas AB (OM:SECU B) commences an Equity Buyback Plan for 36,380,889 shares, representing 9.97% of its issued share capital, under the authorization approved on May 5, 2021.
June 07, 2021
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Securitas AB (OM:SECU B) commences share repurchases on June 8, 2021, under the program mandated by the shareholders in the Annual General Meeting held on May 5, 2021. As per the mandate, the company is authorized up to 36,380,889 shares representing 9.97% of its issued shared capital. The repurchases of shares shall be made at a price which falls within the prevailing price interval registered at each point in time, meaning the interval between the highest purchase price and the lowest selling price. The repurchase program is valid till next Annual General Meeting of 2022. As of March 26, 2021, the company had 365,058,897 shares in issue of which 17,142,600 are shares of series A and 347,916,297 are shares of series B and 125,000 series B shares in treasury.
On June 3, 2021, the company announced a share repurchase program. Under the program, the company will repurchase up to 350,000 series B shares. The purpose of the acquisition is to ensure company's undertakings in respect of share-related or share-based incentive programs , including covering social security costs. The repurchase program will commence on June 4, 2021 and will end no later than August 31, 2021.
Securitas AB is a Sweden-based provider of security solutions, including specialized guarding, aviation security services and international security solutions, among others. It operates through five business segments. Security Services North America business segment offers security services in the United States, Canada and Mexico. Security Services Europe offers security services in 27 countries in Europe. Mobile and Monitoring provides mobile services, such as beat patrol and call-out services, and monitoring services, such as alarm surveillance for homes, and small and medium-sized businesses. Security Services Ibero-America provides security services in Latin America, Portugal and Spain. New Markets provides security services in the Middle East, Asia and Africa. The Company's subsidiaries include Selectron, Rentsec, Vamsa, Tehnomobil, Central de Alarmas Adler, Automatic Alarm, Suddeutsche Bewachung and Johnson & Thompson.
Securitas AB (OM: SECU B) commences an Equity Buyback Plan for 36,380,889 shares, representing 9.97% of its issued share capital, under the authorization approved on May 5, 2021.
SECURITAS AB 
