Kesko Corporation to transfer own shares held by the company as treasury shares
The Board of Directors of Kesko Corporation has decided to implement the resolution made by the Annual General Meeting on 26 March 2024 to pay approximately 30% of the annual fees for members of the Board in B series shares in the company, by using B shares held by the company as treasury shares in the payment of the share portion of the fees. The total number of shares to be transferred is 7,789 B shares which, in line with the General Meeting resolution, corresponds to approximately 30% of the annual fee of each Board member calculated on the closing price of 23 April 2024. The
The operating environment in 2023 was once again challenging for Valio and the entire food industry. The war in Ukraine and general economic uncertainty continued. Weakening consumer purchasing power and the drastic decline in the global market prices of industrial dairy products together with cost inflation, reflected on Valio’s result. Farms also continued to face a tight economic situation: costs were around 30 per cent higher at the end of 2023 compared to the beginning of 2021, although the rise in costs did ease during the year. In the challenging operating environment, Valio continued
