Etteplan completes repurchase program of its own shares
ETTEPLAN OYJ, Stock Exchange Release, 14 November, 2016 at 2.30 PM
Etteplan completes repurchase program of its own shares
Etteplan Oyj's Board of Directors decided on June 21, 2016 to initiate a share repurchase program of its own shares in accordance with the authorization given to it at the Annual General Meeting on April 5, 2016. According to the authorization, the number of repurchased shares will not exceed 100.000 shares and number of voting rights.
Etteplan Oyj has now completed the repurchase program of its own shares. The company has acquired a total of 100,000 shares and number of voting rights at an average price of EUR 5.40 in public trading on the Nasdaq Helsinki Ltd for the market price quoted at the time of the repurchase, as provided by the regulations on public trading of shares. The repurchased shares are used for carrying out Company's incentive plan for its key personnel. The repurchased shares may be retained by the Company, invalidated or transferred further. Etteplan currently holds a total of 235,892 own shares.
Vantaa, November 14, 2016
Etteplan Oyj
Board of Directors
Additional information:
Juha Näkki, President and CEO, tel. +358 400 606 372
Outi Torniainen, SVP, Communications and Marketing, tel. +358 40 5121375
The information presented herein has not been audited.
Releases and other corporate information are available on Etteplan's website at www.etteplan.com.
DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
Etteplan's services cover engineering, technical documentation, embedded systems and IoT solutions. Our customers are the world's leading companies in the manufacturing industry. Our services are geared to improve the competitiveness of our customers' products and engineering processes throughout the product life cycle. The results of Etteplan's innovative engineering can be seen in numerous industrial solutions and everyday products.
In 2015, Etteplan had turnover of EUR 141.1 million. The company has about 2,500 professionals in Finland, Sweden, the Netherlands, Germany, Poland and China. Etteplan's shares are listed on Nasdaq Helsinki Ltdunder the ETT1V ticker.