Alma Media begins buyback of its own shares for share-based incentive scheme
Alma Media Corporation Stock exchange release 4 April 2023 at 3.35 p.m.
ALMA MEDIA BEGINS BUYBACK OF ITS OWN SHARES FOR SHARE-BASED INCENTIVE SCHEME
Alma Media Corporation’s Board of Directors has decided to use the buyback authorisation of Alma Media’s shares granted by the Annual General Meeting on 4 April 2023. The buyback programme will be initiated at the earliest on 24 April 2023 and terminated once all the shares have been purchased. The number of shares to be acquired is a maximum of 300,000 shares, which represents approximately 0.4 per cent of all Alma Media shares. The acquired shares will be used to implement the company’s share-based incentive programme.
The company’s own shares shall be acquired using the company’s non-restricted shareholders’ equity at the market price valid at the time of purchase of the shares through trading in a regulated market arranged by NASDAQ Helsinki Oy, and the shares are purchased otherwise than in proportion to shareholders’ current holdings. The shares are acquired and paid for according to the rules and instructions of NASDAQ Helsinki Oy and Euroclear Finland Ltd.
The AGM of 4 April 2023 authorised the Board of Directors to decide on the repurchase of a maximum of 824,000 shares in one or more lots. The maximum authorised number of shares represents approximately one (1) per cent of the company’s entire share capital. Shares can be purchased for the purpose of improving the company’s capital structure, financing or carrying out corporate acquisitions or other arrangements, implementing incentive schemes for the management or key employees or to be otherwise transferred or cancelled. The authorisation is valid until the following AGM, but not later than 30 June 2024.
The total registered number of shares in Alma Media is 82,383,182. At the moment, Alma Media has 178,766 own shares.
For more information, please contact: Mikko Korttila, General Counsel, Alma Media Corporation, tel. +358 50 593 4589
ALMA MEDIA CORPORATION
Elina Kukkonen
SVP, Communications
DISTRIBUTION: NASDAQ Helsinki, key media, www.almamedia.fi
Alma Media in brief
Alma Media is an international company of digital media, marketplaces and services with a strong capacity for renewal. We inspire human curiosity and choice by creating services that combine technology and content with a local heart. In Finland, our best-known brands include Kauppalehti, Talouselämä, Iltalehti, Etuovi.com, Nettiauto and Nettimoto. Our recruitment services include prace.cz and jobs.cz in the Czech Republic, Profesia.sk in Slovakia and mojposao.net in Croatia.
In Finland, our business operations include leading housing and automotive marketplaces, financial and professional media, national consumer media and content and data services for businesses and professionals. Alma Media’s international business in Eastern Central Europe, Sweden and the Baltic countries consists of recruitment services and an online marketplace for commercial properties.
Alma Media operates in 11 countries in Europe and employs approximately 1,700 professionals. Alma Media’s revenue from continuing operations was EUR 309 million in 2022 of which the share of digital business was 81%. Alma Media’s share is listed on NASDAQ Helsinki. Read more at www.almamedia.fi/en/.
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