Ahlstrom-Munksjö to acquire own shares
AHLSTROM-MUNKSJÖ STOCK EXCHANGE RELEASE, MAY 2, 2017 at 18:55 CEST
The Board of Directors of Ahlstrom-Munksjö Oyj has decided to utilize the current authorization given by the Annual General Meeting (AGM) held on April 6, 2016 to repurchase own shares. The authorization, to acquire a maximum of 4,000,000 of the company's own shares, is valid until the end of the AGM 2017 to be held on May 16, 2017.
The repurchases will start at the earliest on May 3, 2017 and end on May 16, 2017 at the latest. Ahlstrom-Munksjö intends to continue the repurchases after May 16, 2017, under the condition that the AGM approves a new authorization to the Board of Directors to acquire a maximum of 8,000,000 of the company’s own shares. The amount of shares to be acquired shall not exceed 300,000 shares, corresponding to about 0.3 per cent of the total number of shares and votes.
The repurchased shares will be used primarily for implementing future share-based incentive programs of the company.
The shares shall be acquired through public trading on Nasdaq Helsinki at the market price prevailing at the time of repurchase. Nordea Bank Finland Plc will act as stock broker in the repurchases.
For further information, please contact:
Juho Erkheikki , Investor & Media Relations Manager , tel. +358 50 413 45 83, email@example.com
Ahlstrom-Munksjö in brief
Ahlstrom-Munksjö is a global leader in fiber-based materials, supplying innovative and sustainable solutions to customers worldwide. Our offerings include decor paper, filter media, release liners, abrasive backings, nonwovens, electrotechnical paper, glass fiber materials, food packaging and labeling, tape, medical fiber materials and solutions for diagnostics. Combined annual net sales are about EUR 2.15 billion and we employ 6,200 people. The Ahlstrom-Munksjö share is listed on the Nasdaq Helsinki and Stockholm. The company was formed on April 1, 2017 through the merger of Ahlstrom Corporation and Munksjö Oyj. Read more at www.ahlstrom-munksjo.com .