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    TREL B   SE0000114837

TRELLEBORG AB (PUBL)

(TREL B)
  Report
Delayed Nasdaq Stockholm  -  11:29 2022-09-30 am EDT
209.90 SEK   +2.94%
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Buybacks of shares of series B in Trelleborg during week 31, 2022

08/08/2022 | 09:01am EDT

 

During the period August 1 to August 5, 2022, Trelleborg AB (LEI code 213800XY16PAWG2PAD14) has repurchased in total 711,619 own shares of series B (ISIN: SE0000114837) as part of the buyback program initiated by the Board of Directors in order adapt the company's capital structure and thereby contribute to increased shareholder value.

 

The share buybacks form part of the buyback program of a maximum of 25,272,178 shares of series B for a total maximum amount of SEK 5,000 million, which Trelleborg announced on April 27, 2022. The buyback program, which runs between April 28, 2022, to the day prior to the 2023 Annual General Meeting is being carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation"). The objective of the share buybacks is to adapt the company's capital structure and thereby contribute to increased shareholder value. The intent is that the repurchased shares later will be cancelled by resolution of upcoming Annual General Meetings.

 

Shares of series B in Trelleborg have been repurchased (in SEK) as follows:

 

Date

Aggregated daily volume (number of shares)

Weighted average share price per day (SEK)

Total daily transaction value (SEK)

20220801

147,938

247.4188

36,602,642

20220802

157,311

241.528

37,995,011

20220803

127,935

235.848

30,173,214

20220804

142,235

236.8799

33,692,613

20220805

136,200

234.2966

31,911,197

 

All acquisitions have been carried out on Nasdaq Stockholm by Skandinaviska Enskilda Banken AB (publ) (SEB) on behalf of Trelleborg. Following the above acquisitions, Trelleborg's holding of own shares as of August 5, 2022, amounts to 10,903,617 shares of series B. The total number of shares in Trelleborg on the date of this press release amounts to 271,071,783, of which 28,500,000 are shares of series A and 242,571,783 are shares of series B.

 

A full breakdown of the transactions pursuant to article 5.3 of MAR and article 2.3 of the Safe Harbour Regulation is attached to this announcement.

For further information, please contact:
Media: Vice President Communications Karin Larsson, +46 (0)410 67015, +46 (0)733 747015, karin.larsson@trelleborg.com
Investors/analysts: Vice President IR Christofer Sjögren, +46 (0)410 67068, +46 (0)708 665140, christofer.sjogren@trelleborg.com

Trelleborg is a world leader in engineered polymer solutions that seal, damp and protect critical applications in demanding environments. Its innovative solutions accelerate performance for customers in a sustainable way. The Trelleborg Group has annual sales of about SEK 34 billion and operations in about 50 countries. The Group comprises three business areas: Trelleborg Industrial Solutions, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. The Trelleborg share has been listed on the Stock Exchange since 1964 and is listed on Nasdaq Stockholm, Large Cap.
www.trelleborg.com

https://news.cision.com/trelleborg/r/buybacks-of-shares-of-series-b-in-trelleborg-during-week-31--2022,c3611346

https://mb.cision.com/Main/584/3611346/1612524.pdf

https://mb.cision.com/Public/584/3611346/a06278e10406176c.pdf

(c) 2022 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2022 27 915 M 2 514 M 2 514 M
Net income 2022 6 026 M 543 M 543 M
Net Debt 2022 5 615 M 506 M 506 M
P/E ratio 2022 9,69x
Yield 2022 2,98%
Capitalization 54 381 M 4 897 M 4 897 M
EV / Sales 2022 2,15x
EV / Sales 2023 2,16x
Nbr of Employees 21 840
Free-Float 85,1%
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Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 209,90 SEK
Average target price 265,83 SEK
Spread / Average Target 26,6%
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Managers and Directors
Peter Lennart Nilsson President, Chief Executive Officer & Director
Fredrik Nilsson Chief Financial Officer
Hans Torsten Gunnar Bi÷rck Chairman
Anne-Mette Olesen Independent Director
Margot Gunilla Fransson Independent Director
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