Autoliv Retires Repurchased Shares, Reducing Number Of Issued Shares

Autoliv Inc ALV retired 475,292 shares of common stock that had been repurchased during the quarter.

ALV now has a total of 90.24 million issued shares of common stock, of which 85.37 million shares are outstanding.

The retired shares resulted in a decrease in the issued shares.

Also Read: Safety First!! - Autoliv Plans Launch Its First Motorcycle Airbag In 2025

Currently, Autoliv holds 4.868 million shares of common stock in treasury which have no voting rights or rights to participate in distributions under Delaware law.

At the recent investor day, the company announced plans to continue with its repurchase program, with the current program authorizing the repurchase of up to $1.5 billion or up to 17 million common shares (whichever comes first), between January 2022 and the end of 2024.

Price Action: ALV shares are trading lower by 0.34% at $85.15 on the last check Friday.