Stock Market

Autoliv Announces Share Retirement and Decrease in Issued Shares

STOCKHOLM, March 28, 2024 /PRNewswire/ -- Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the global pioneer in automotive safety systems, declared that the company has completed a reduction in its total number of issued common shares. As of March 28, 2024, the newly stated total number of shares issuable stands at 86,126,221, of which 81,373,679 are in active circulation.

In a definitive move geared towards streamlining its share structure, Autoliv effectively decommissioned 1,370,057 common shares. These shares had been previously repurchased over the course of the last quarter. The result is a consolidated total of 86,126,221 issued shares, with an outstanding count of 81,373,679 -- each share sanctioned with one voting right. The repurchased shares have been retired, and as such, Autoliv currently holds 4,752,542 common shares in its treasury. These shares are unique in that they carry neither voting privileges nor the right to participate in dividend distributions as per the regulations of Delaware law.

This mandate was of such critical importance that Autoliv, Inc. was compelled to make an obligatory disclosure in conformity with the stringent requirements of the Swedish Financial Instruments Trading Act. The dissemination of this vital information was executed via designated contact persons at the exact hour of 10:45 CET on March 28, 2024.

Contact Information for Inquiries

For additional details and any media-related inquiries, Gabriella Etemad can be contacted at (+46 70 612 6424). Investor and analyst relations are being managed by Anders Trapp, reachable at (+46 08 587 206 71), and Henrik Kaar available at (+46 08 587 206 14).

About Autoliv

Autoliv, Inc., traded as NYSE: ALV; Nasdaq Stockholm: ALIV.sdb, holds the internationally recognized title of leader in the automotive safety sector. The group’s activities span the gamut of development, production, and distribution of crucial protective systems like airbags, seatbelts, and steering wheels. As an omnipresent entity in the industry, Autoliv equips a broad spectrum of the world's top automobile manufacturers with these safety mechanisms and extends its expertise to mobility safety solutions. Noteworthy innovations include pedestrian protection, connected safety services, and specially crafted safety implements for users of powered two-wheel vehicles.

The ethos at Autoliv is founded on the continuous challenge and redefinition of mobility safety benchmarks to sustain a trajectory of industry-leading solution delivery. A testament to their effectiveness is their impressive life-saving record for the year 2023, boasting 35,000 lives saved and a reduction of over 450,000 injuries thanks to their systems. With 70,000 dedicated associates who share a unified vision of 'Saving More Lives,' spread across 25 countries, the company reinforces this vision as the core of its mission. Autoliv maintains a zealous commitment to quality, demonstrated by the innovation and research brewing within the walls of their 14 technical centers, which also house 20 testing tracks. Generating sales of $10.5 billion in 2023, Autoliv stands as a colossal force—staking claims not just on markets, but on the very preservation of life itself.

For a more in-depth look into Autoliv and their wide array of safety solutions, additional information can be found by visiting www.autoliv.com.

This pertinent information has been made conveniently accessible through Cision at http://news.cision.com.

Direct access to this particular news regarding Autoliv’s share retirement is available at https://news.cision.com/autoliv/r/autoliv-retires-repurchased-shares--decreases-number-of-issued-shares,c3954244.

Additional files related to this release can be obtained via the link provided here, https://mb.cision.com/Main/751/3954244/2702985.pdf, allowing interested parties to download and view. The titled document 'Release' summarizes the key points and provides supplementary information to the stakeholders and the public.

Conclusion

Autoliv's commitment to corporate efficiency is exemplified by their recent consolidation of share structure, reducing issued common stocks and focusing on creating shareholder value. As the leader in automotive safety systems, Autoliv reaffirms their pledge to innovate and provide top-notch safety solutions while simultaneously refining their fiscal and corporate responsibilities. Such moves ensure that the company not only stays at the forefront of life-saving automotive technologies but also operates with a clear governance framework that recognizes the importance of shareholder interests.

As Autoliv moves forward with its diversified portfolio of automotive safety products and services, the retirement of its shares is a notable step in a series of strategic financial decisions that underscore the company's steady and responsible economic governance. Coupled with their impressive contribution to global vehicle safety and the consistent pursuit of excellence in all operational facets, Autoliv continues to set the bar in both financial stewardship and technological advancements in the automotive industry.

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