Etteplan completes repurchase program of its own shares
ETTEPLAN OYJ, Stock Exchange Release, 20 December, 2023 at 11:00 a.m. (EET)
Etteplan completes repurchase program of its own shares
Etteplan Oyj's Board of Directors decided on May 11, 2023 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, 2023. According to the authorization, the number of repurchased shares will not exceed 30,000 shares and number of voting rights.
Etteplan Oyj has now completed the repurchase program of its own shares. The repurchases of the shares began on June 2, 2023 and ended on December 19, 2023. During that period, the company acquired a total of 30,000 shares and number of voting rights at an average price of EUR 16.2075 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, as consideration in potential acquisitions or in other structural arrangements. The repurchased shares may be retained by the Company, invalidated or transferred further. Etteplan currently holds a total of 100,921 own shares.
Espoo, December 20, 2023
Etteplan Oyj
Board of Directors
For more information:
Juha Näkki, President and CEO, tel. +358 10 307 2077
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302
DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
Etteplan in brief
We are a rapidly growing technology service company specializing in software and embedded solutions, engineering solutions, and technical communication solutions. We are a forerunner in the engineering industry and we differentiate ourselves by the wide-ranging competence of our experts. Our customers include world’s leading companies in the manufacturing industry. We help them to create a better world through engineering, innovation and digitalization.
Etteplan has lead the way in the engineering field already since 1983. In 2022, we had a turnover of EUR 350.2 million. The company currently has some 4,000 professionals in Finland, Sweden, the Netherlands, Germany, Poland, Denmark and China. Etteplan's shares are listed on Nasdaq Helsinki Ltd under the ETTE ticker. www.etteplan.com