Etteplan completes repurchase program of its own shares
Released:9/7/2017 Category:Other information disclosed according to the rules of the Exchange
ETTEPLAN OYJ, Stock Exchange Release, September 7, 2017, AT 2.00 P.M.
Etteplan Oyj's Board of Directors decided on June 21, 2017 to initiate a share repurchase program of Etteplan’s own shares in accordance with the authorization given to it at the Annual General Meeting on April 4, 2017. According to the authorization, the number of repurchased shares was not to exceed 30,000 shares and number of voting rights, which corresponds to approximately 0.12 per cent of the total number of Etteplan’s shares.
Etteplan Oyj has now completed the repurchase program of its own shares. The company has acquired a total of 30,000 shares and number of voting rights at an average price of EUR 8,72. The shares were repurchased in public trading on the Nasdaq Helsinki Ltd for the market price quoted at the time of the repurchase, as provided by the regulations on public trading of shares.
The shares were repurchased in order to be used to fulfil obligations pertaining to the company's share-based incentive plan for the Group key personnel. The repurchased shares may be retained by the Company, invalidated or transferred further. Etteplan currently holds a total of 69,690 own shares.
Vantaa, September 7, 2017
Board of Directors
For more information, please contact:
Juha Näkki, President and CEO, tel. +358 10 307 2077
Outi Torniainen, SVP, Communications and Marketing, tel. +358 10 307 3302
Etteplan provides industrial equipment and plant engineering, embedded systems, IoT (Internet of Things), and technical documentation solutions to the world’s leading companies in the manufacturing industry. Our services are geared to improve the competitiveness of our customers' products and engineering processes throughout the product life cycle. The results of Etteplan’s innovative engineering can be seen in numerous industrial solutions and everyday products.
In 2016, Etteplan had a turnover of EUR 183.9 million. The company currently has some 2,800 professionals in Finland, Sweden, the Netherlands, Germany, Poland and China. Etteplan's shares are listed on Nasdaq Helsinki Ltd under the ETTE ticker. www.etteplan.com