Oriola Corporation starts repurchase of its own class B shares in connection with the company's incentive schemes
June 20 2017 - 10:00AM
Oriola
Corporation
Stock Exchange Release 20 June
2017 18.00
Oriola Corporation starts
repurchase of its own class B shares in connection with the
company's incentive schemes
The Board of Directors of Oriola Corporation has
resolved in its meeting on 20 June 2017 to use the authorization
granted by the Annual General Meeting held on 14 March 2017 to
acquire Oriola's class B shares and initiate a share repurchase
programme. The repurchase of shares is carried out in order to
fulfil obligations pertaining to the company's share-based
incentive schemes.
The repurchasing of shares will commence on 24
July 2017 at the earliest, and end at the latest on 22 September.
The maximum number of class B shares to be repurchased is 145 000,
which corresponds to approximately 0,08 per cent of the total
number of all issued Oriola shares at the moment.
The company's own class B shares shall be acquired
using the company's non-restricted shareholders' equity at the
market price valid at the time of purchase of the shares through
trading in a regulated market arranged by Nasdaq Helsinki Oy, and
the shares are purchased otherwise than in proportion to
shareholders' current holdings. The shares are acquired and paid
for according to the rules and instructions of Nasdaq Helsinki Oy
and Euroclear Finland Ltd.
Furher information:
Oriola Corporation
For further information, please
contact:
Petter Sandström
General Counsel
Tel: +358 10 429 5761
E-mail:
petter.sandstrom@oriola.com
Distribution:
NASDAQ Helsinki Ltd.
Principal media
Published by:
Oriola Corporation
Corporate Communications
Orionintie 5
FI-02200 Espoo, Finland
www.oriola.com
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Oriola Oyj via Globenewswire
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