Tikkurila to acquire its own shares for implementing the share-based commitment and incentive plan
Stock Exchange Release
February 10, 2015 at 09:05 a.m. (CET+1)
The Board of Directors of Tikkurila Oyj has decided to exercise the
authorization granted by the Annual General Meeting on March 25, 2014, to
repurchase the company's own shares.
The amount of shares to be repurchased shall be 2,500 shares to be acquired with
assets pertaining to the company's unrestricted equity in one or more tranches.
The amount of repurchases corresponds to approximately 0.006 percent of all the
shares in the company.
The repurchases of the shares will be executed in accordance with the terms of
the authorization granted by Annual General Meeting. According to the
authorization shares will be repurchased through public trading, due to which
the repurchase will take place in directed manner, i.e. not in proportion to the
shareholdings of the shareholders. The shares will be repurchased in public
trading on the NASDAQ OMX Helsinki Ltd at the market price quoted at the time of
the repurchase. The shares will be purchased and paid in accordance with the
rules of NASDAQ OMX Helsinki Ltd and Euroclear Finland Ltd.
The repurchased shares will be used primarily for implementing the share-based
commitment and incentive plan of the company, or for other purposes defined in
the authorization of the Annual General Meeting.
CFO Jukka Havia
For further information, please contact:
Jukka Havia, CFO, mobile +358 50 355 3757, email@example.com
Tikkurila is the leading paints and coatings professional in the Nordic region
and Russia. With our roots in Finland, we now operate in 16 countries. Our high-
quality products and extensive services ensure the best possible user experience
in the market. Sustainable beauty since 1862.
Sustainable NordicnessTikkurila is a leading Nordic paint company with expertise that spans decades. We develop premium products and services that provide our customers with quality that will stand the test of time and weather. We operate in around ten countries and our 3,000 dedicated professionals share the joy of building a vivid future through surfaces that make a difference. In 2017, our revenue totaled EUR 582 million. The company is listed on Nasdaq Helsinki. Nordic quality from start to finish since 1862. www.tikkurilagroup.com