Etteplan Oyj to initiate a share repurchase program related to its share-based incentive plan

ETTEPLAN Oyj, Stock Exchange Release, May 21, 2021 at 10.20 EEST

Etteplan Oyj's Board of Directors has in its meeting on May 21, 2021 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 8, 2021. The shares are repurchased in order to be used to fulfil obligations pertaining to the company's share-based incentive plan for the Group key personnel. 

The repurchasing of shares will start on May 21, 2021 at the earliest, and end on December 31, 2021 at the latest. The number of repurchased shares will not exceed 80,000 shares and number of voting rights, which corresponds to approximately 0.32 per cent of the total number of Etteplan’s shares. According to the Board’s decision, the maximum repurchase price is EUR 19.0 per share. Etteplan currently holds a total of 79,046 of its own shares, which corresponds to 0.32 per cent 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, Finland May 21, 2021
Etteplan Oyj
Board of Directors
 

More information:
Juha Näkki, President and CEO, Etteplan, tel. 010 307 2077
Outi Torniainen, SVP, Marketing and Communications, Etteplan, tel. +358 10 307 3302

Distribution:
Nasdaq Helsinki
Major media
www.etteplan.com

Etteplan in brief

Etteplan provides solutions for software and embedded solutions, solutions for industrial equipment and plant engineering and technical documentation solutions to the world’s leading companies in the manufacturing industry. Our services are geared to improve the competitiveness of our customers’ products, services 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 2020, Etteplan had a turnover of approximately EUR 260 million. The company currently has some 3,300 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