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An announcement from Loomis AB ( (SE:LOOMIS) ) is now available.
Loomis AB’s Board of Directors has decided to repurchase shares worth up to SEK 200 million, as authorized by the Annual General Meeting 2025. The repurchase, which will be managed by Danske Bank, aims to optimize the company’s capital structure and is expected to reduce the total number of outstanding shares to 68,500,000, potentially enhancing shareholder value.
More about Loomis AB
Loomis offers secure and effective comprehensive solutions for managing payments, including the distribution, handling, storage, and recycling of cash and other valuables. Loomis’ customers are mainly financial institutions and retailers. Loomis operates through an international network of around 400 branches in 27 countries, employs around 24,000 people, and had revenue in 2024 of more than SEK 30 billion. Loomis is listed on Nasdaq Stockholm Large-Cap list.
Average Trading Volume: 110,712
Current Market Cap: SEK27.52B
See more insights into LOOMIS stock on TipRanks’ Stock Analysis page.