Kesko Corporation’s share buy-back programme has ended

On 24 April 2018, the Board of Directors of Kesko Corporation decided to use the authorisation granted by the General Meeting of 11 April 2018 to acquire B series shares in Kesko Corporation, and established a share buy-back programme for the purpose. 

Kesko Corporation has now completed the share buy-back programme. The acquisitions of the shares began on 26 April 2018 and ended on 18 May 2018. During that time, Kesko acquired 500,000 of its own B series shares for an average price per share of €48.83. The shares acquired will be used to fulfil obligations related to the Company’s share-based commitment and incentive plans. Following the acquisitions, Kesko owns a total of 996,325 of its own B shares, which represents approximately 1.00 per cent of all shares in Kesko Corporation and 1.46 per cent of Kesko Corporation’s B series shares. 

The shares were acquired at the market price quoted at the time of acquisition in trading organised by Nasdaq Helsinki Ltd on a regulated market. Danske Bank A/S, Finland Branch acted as broker in the acquisition of the shares. 

Further information is available from Mika Majoinen, EVP, Group General Counsel, tel. +358 105 322 206.

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