Etteplan Oyj to initiate a share repurchase program
ETTEPLAN OYJ Stock Exchange Release May 11, 2023, at 2:30 P.M. (EEST)
Etteplan Oyj to initiate a share repurchase program
Etteplan Oyj's Board of Directors has in its meeting on May 11, 2023 decided to initiate a share repurchase program of own shares in accordance with the authorization given to it by the Annual General Meeting on April 5, 2023. The shares are repurchased in order to be used for carrying out Company's incentive schemes for its key personnel, as consideration in potential acquisitions or in other structural arrangements.
The repurchasing of shares will start on May 24, 2023 at the earliest, and end on December 31, 2023 at the latest. The number of repurchased shares will not exceed 30,000 shares, which corresponds to approximately 0.12 percent of the total number of Etteplan’s shares and voting rights. According to the Board’s decision, the maximum repurchase price is EUR 18.00 per share. Etteplan currently holds a total of 70,921 of its own shares, which corresponds to 0.28 percent of all shares and voting rights.
The shares will be acquired at market price in NASDAQ OMX Helsinki, in public trading and at the quoted price on the date of purchase, in accordance with the regulations concerning the purchase of shares in public trading.
Espoo, May 11, 2023
Etteplan Oyj
Board of Directors
For more information, please contact:
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