Trelleborg exercises authorizations to acquire own shares
The Board of Directors of Trelleborg has decided to continue to exercise the authorization granted by the Annual General Meeting on April 24, 2025, to acquire own shares of series B until the next Annual General Meeting on April 23, 2026. This means that the Group's share buy-back program will continue and may include up to 10 million B shares for a maximum amount of SEK 2 billion from April 24, 2025, to April 22, 2026.
On April 25, the Board of Directors resolved to carry out buybacks of up to SEK 500 million from April 25, 2025, to July 25, 2025.
Although geopolitical uncertainty remains relatively high, the Board of Directors believes that continued share repurchases until the next Annual General Meeting can be made without restricting the Group's scope for acquisitions and investments in the business. Acquisitions and investments, in combination with share buybacks, contribute to increased shareholder value.
Trelleborg's share buy-back programs are long-term and were initiated after the Annual General Meeting on April 27, 2022. Since then, 43,105,860 shares have been bought back, corresponding to approximately 16 percent of the total number of shares before the buy-back program was initiated. Of these, 39,743,410 shares have been canceled to date.
Acquisition of shares will be 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”). Acquisitions of shares will be managed by an investment firm or a credit institution that makes its trading decisions independently of Trelleborg with regard to the timing of the acquisition of shares in Trelleborg.
The buyback program is subject to the following terms:
(i) acquisitions shall be made on Nasdaq Stockholm in accordance with the Nordic Main Market Rulebook for Issuers of Shares (below the “Rulebook”) as well as in accordance with MAR and the Safe Harbour Regulation;
(ii) acquisitions may be made from and including July 28, 2025, until April 22, 2025;
(iii) a maximum of 7,500,000 shares of series B may be repurchased for a total maximum amount of SEK 1,500 million, however, the company’s holding of own shares may not at any time exceed 10 percent of the outstanding shares in the company;
(iv) acquisitions may only be made at a price which falls within the prevailing price interval registered at each point in time (i.e. in the interval between the highest purchase price and the lowest selling price) and in addition, in accordance with the price restrictions in the Safe Harbour Regulation;
(v) acquisitions may only be made in accordance with the restrictions regarding volume for acquisitions of own shares stated in the Rulebook and in the Safe Harbour Regulation; and
(vi) payment of acquired shares shall be made in cash
The purpose of the Board of Directors’ decision is to adapt the company’s capital structure and thereby contribute to increased shareholder value. Shares will also be repurchased for the PSP 2024/2027 for reasons and rationales set out in the AGM Notice item 17b. The intent is that the repurchased shares, excluding shares repurchased for the PSP 2025/2027, will later be cancelled by resolution of upcoming Annual General Meetings.
The total number of shares in Trelleborg on the date of this press release amounts to 231,328,373, of which 28,500,000 are shares of series A and 202,828,373 are shares of series B. The company holds 3,362,450 own shares of series B at the time of this press release.
