Oriola Corporation starts repurchase of its own class B shares in connection with the company's incentive schemes
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.
For further information, please contact:
Tel: +358 10 429 5761
NASDAQ Helsinki Ltd.
FI-02200 Espoo, Finland