Wulff Group Continues to Buy Back Its Own Shares
STOCK EXCHANGE RELEASE April 7, 2016 at 4 P.M.
The Board of Directors of Wulff Group Plc has decided to continue buying back own shares in accordance with the authorization granted by the Annual General Meeting on April 7, 2016. At the moment, Wulff Group Plc holds 79,000 of its own shares and a maximum of 300,000 own shares can still be repurchased. Acquisitions continue after the release of the January-March Interim Report on May 6, 2016, at the earliest.
The shares will be acquired through public trading on NASDAQ OMX Helsinki in a proportion other than that of current shareholder holdings. The shares will be acquired at the market price quoted at the time of the repurchase in accordance with the rules regarding the acquisition of company's owns shares.
According to the authorisation, the treasury shares can be acquired to carry out acquisitions or other business-related arrangements, to improve the company’s capital structure, to support the implementation of the company’s incentive scheme or to be cancelled or disposed of.
The authorization is in force until April 30, 2017.
In Helsinki on April 7, 2016
WULFF GROUP PLC
BOARD OF DIRECTORS
Chairman of the Board Heikki Vienola
tel. +358 9 5259 0050 or mobile: +358 50 65 110
NASDAQ OMX Helsinki Oy
Wulff Group Plc is an increasingly international listed company as well as the most significant Nordic player in office supplies and an industry pioneer. The company’s product and service range is the most comprehensive in the industry: Wulff sells and markets office supplies, facility management products, IT supplies as well as ergonomics and first aid products. In addition, Wulff provides LED lights and lighting solutions and innovative products for worksites. Customers can also acquire international fair services from Wulff.In addition to Finland, Wulff operates in Sweden, Norway and Denmark. The customers are personally served by approx. 200 business-to-business sales professionals and also at Wulff’s stores in Helsinki, Turku and Lahti. In addition to versatile customer specific services, the Group serves its customers online with the webstore Wulff.fi.