Buybacks of shares of series B in Trelleborg during week 38, 2023
During the period September 18 to September 22, 2023, Trelleborg AB (LEI code 213800XY16PAWG2PAD14) has repurchased in total 295,192 own shares of series B (ISIN: SE0000114837) as part of the buyback program initiated by the Board of Directors in order to 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 24,000,000 shares of series B for a total maximum amount of SEK 5,500 million, which Trelleborg announced on April 27, 2023. The buyback program, which runs between April 28, 2023, to the day prior to the 2024 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 purpose of the Board of Directors’ decision 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 canceled 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) |
| 20230918 | 60,000 | 281.4398 | 16,886,388 |
| 20230919 | 60,000 | 279.8006 | 16,788,036 |
| 20230920 | 60,000 | 277.2562 | 16,635,372 |
| 20230921 | 55,192 | 275.9434 | 15,229,868 |
| 20230922 | 60,000 | 270.3306 | 16,219,836 |
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 September 22, 2023, amounts to 7,928,836 shares of series B. The total number of shares in Trelleborg on the date of this press release amounts to 255,125,919, of which 28,500,000 are shares of series A and 226,625,919 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.