Ahlstrom-Munksjö completes the repurchases of own shares
AHLSTROM-MUNKSJÖ STOCK EXCHANGE RELEASE, JUNE 14, 2017 at 08:30 CEST
Ahlstrom-Munksjö has completed the repurchases of its own shares.
On May 2, 2017, the Board of Directors decided to utilize the authorization given by the Annual General Meeting (AGM) 2016, held on April 6, 2016, to repurchase a maximum of 300,000 own shares. The repurchases continued on May 17, based on authorization given by the AGM 2017, held on May 16, 2017.
The repurchases started on May 3, 2017 and ended on June 13, 2017. During this period, Ahlstrom-Munksjö repurchased 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. Following the repurchases, Ahlstrom-Munksjö holds 364,862 own shares.
The shares were acquired through public trading on Nasdaq Helsinki at the market price prevailing at the time of repurchase. Nordea Bank Finland Plc acted as stock broker in the repurchases.
For further information, please contact:
Juho Erkheikki, Investor and 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 6,000 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.