The Board of Directors of Trelleborg has decided to exercise the authorization granted by the Annual General Meeting on April 24, 2024, to acquire own shares of series B.

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) the acquisition may take place on Nasdaq Stockholm, on one or more occasions before the next Annual General Meeting;

(ii) the acquisition may be of no more than the number of Series B shares so the company’s holding of own shares at the time amounts to no more than one-tenth of all of the shares in the company, on condition that there is sufficient non-restricted equity, based on the latest adopted Balance Sheet;

(iii) the acquisition may take place at a price within the market price range registered at the time (i.e. the interval between the highest bid price and the lowest offer price); and

(iv) payment for the 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 2024/2027, 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 255,125,919, of which 28,500,000 are shares of series A and 226,625,919 are shares of series B. The company holds 15,617,773 own shares of series B at the time of this press release. Following the cancellation of 13,578,733 of the company’s own shares of series B, which was resolved upon by the Annual General Meeting held on April 27, 2023, the total amount of shares will amount to 241,547,186 whereof 28,500,000 are shares of series A and 213,047,186 are shares of series B.