Saab AB shares buy-back: 444.000 own shares of series B repurchased during week 29-30 2021

Saab AB shares buy-back: 444.000 own shares of series B repurchased during week 29-30 2021

(PRESS RELEASE) STOCKHOLM, 30-Jul-2021 — /EuropaWire/ — Saab AB (STO: SAAB-B), leading company in the military defence and civil security markets, has announced the number of shares of series B it bought during week 29-30 2021 as part of the company’s buy-back programme.

During the period 23 July – 29 July 2021, Saab AB (publ) (LEI code 549300ZHO4JCQQI13M69) has repurchased in total 444.000 own shares of series B (ISIN: SE0000112385) as part of the share buy-back programme initiated by the Board of Directors in order to secure delivery of shares to participants in Saab’s long-term Share Matching Plan, Performance Share Plan and Special Projects Incentive.

The share buy-back programme, which Saab announced on 11 June 2021, 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 repurchased shares are intended to be transferred to the participants in Saab’s long-term Share Matching Plan, Performance Share Plan and Special Projects Incentive at the time that the participants have the right to acquire shares.

Shares of series B in Saab have been repurchased as follows as part of this share buy-back programme.

All acquisitions have been carried out on Nasdaq Stockholm by Danske Bank on behalf of Saab. Following the above acquisitions, Saab’s holding of own shares amounts to 4.281.660 shares of series B as of 29 July 2021. The total number of shares in Saab is 135.845.847.

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.

Media contact:

Stefan Lind, Group Treasurer
+46 (0) 734 187 091
Saab Press Centre,
+46 (0)734 180 018
presscentre@saabgroup.com

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Saab serves the global market with world-leading products, services and solutions within military defence and civil security. Saab has operations and employees on all continents around the world. Through innovative, collaborative and pragmatic thinking, Saab develops, adopts and improves new technology to meet customers’ changing needs. 

SOURCE: Saab