Autoliv, Inc., the global leader in automotive safety systems, has announced the retirement of 510,361 shares of common stock that were repurchased during the quarter. This move has led to a decrease in the total number of issued shares, now standing at 79,404,229, with 76,807,215 shares outstanding. Each outstanding share retains its entitlement to one vote, underscoring the company's commitment to maintaining a transparent and equitable shareholder structure.
The retirement of these shares has also adjusted Autoliv's treasury stock holdings to 2,597,014 shares. Under Delaware law, these treasury shares do not carry voting rights or rights to participate in distributions. This strategic financial management reflects Autoliv's ongoing efforts to optimize its capital structure and enhance shareholder value, in line with its broader corporate objectives.
This disclosure by Autoliv is in compliance with the Swedish Financial Instruments Trading Act, highlighting the company's adherence to regulatory requirements and its dedication to transparency. The information was made public on June 30, 2025, at 08:00 CET, through the designated contact persons, ensuring timely and accurate communication to the market and its stakeholders.
Autoliv's role as a pioneer in automotive safety systems is well-documented, with its products saving approximately 37,000 lives and reducing around 600,000 injuries in 2024 alone. With operations in 25 countries and a workforce of 65,000 employees, the company continues to drive innovation in mobility safety solutions. The retirement of repurchased shares is a testament to Autoliv's strategic financial planning and its unwavering focus on delivering value to its shareholders while advancing its mission of Saving More Lives.
Nokia has taken a significant step forward in its sustainability journey by securing a €1.5 billion five-year multi-currency revolving credit facility (RCF) that ties the cost of borrowing to the company's environmental performance. This innovative financial instrument underscores Nokia's commitment to reducing its carbon footprint, with the margin of the RCF adjusting based on the company's progress toward cutting greenhouse gas (GHG) emissions across its operations and value chain.
The new RCF, which replaces a previous €1.412 billion facility from 2019, includes two one-year extension options and links the pricing mechanism to two key sustainability targets: the reduction of absolute Scope 1 and 2 GHG emissions, and the reduction of absolute Scope 3 GHG emissions. These targets will be assessed annually, with any adjustments to the RCF margin impacting the following year, thereby incentivizing Nokia to meet its environmental objectives.
Marco Wirén, Nokia's Chief Financial Officer, expressed enthusiasm for the strong backing from banking partners in this refinancing transaction, highlighting the alignment of Nokia's financing strategy with its sustainability priorities. Subho Mukherjee, Vice President of Sustainability at Nokia, further emphasized the company's dedication to its climate transition plan, which aims to foster efficiency and innovation throughout its value chain.
Nokia's ambitious net-zero target by 2040, validated by the Science Based Targets initiative (SBTi), is a testament to the company's long-term commitment to environmental stewardship. The detailed operational approach to reducing GHG emissions, as outlined in Nokia's Net-Zero climate transition plan, reflects a comprehensive strategy to decarbonize its operations and supply chain. This latest financial move not only reinforces Nokia's sustainability agenda but also sets a precedent for how corporations can integrate environmental goals into their financial strategies.