Repurchase of shares in Volvo Car AB (publ) on August 26 2024
Volvo Car AB (publ) (LEI code: 5299000EAMGGBEYP7J33) (“Volvo Cars”) has on 26 August 2024 repurchased a total of 458,306 own shares of series B (ISIN code: SE0021628898) as part of the repurchase programme resolved by the Board of Directors in order to ensure future delivery of shares to participants in Volvo Cars’ Performance Share Plans and Employee Share Matching Plans adopted by the Annual General Meeting in 2022 and 2023. Pursuant to the repurchase programme, a maximum of 6,500,000 shares of series B may be repurchased for a total maximum amount of SEK 300 million. The repurchases initiated on 12 August 2024 are hereby completed as a total of 6,500,000 series B shares have been repurchased for a total amount of SEK 189,313,616.
The repurchases have been conducted 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”).
Shares in Volvo Cars have been repurchased (in SEK) as set out below:
|
Date |
Aggregate daily volume (number of shares) |
Weighted average price per day (SEK) |
Total daily transaction value (SEK) |
|
26 August |
458,306 |
29.8902 |
13,698,858.00 |
All acquisitions have been made on Nasdaq Stockholm by Skandinaviska Enskilda Banken AB (publ) on behalf of Volvo Cars. After the above acquisitions, Volvo Cars’ holding of own shares as of 26 August 2024 amounts to 6,500,000 shares of series B. The total number of shares in Volvo Cars amounts to 2,979,524,179 shares of series B.
Full details of the transactions carried out under Article 5(3) of MAR and Article 2(3) of the Safe Harbour Regulation are attached to this press release.
