Olvi Plc to Initiate Repurchase of Shares

Olvi Plc                                     Stock Exchange Release 4 Nov 2020 at 3.30 pm

OLVI PLC TO INITIATE REPURCHASE OF SHARES

In its meeting on 26 October 2020, the Board of Directors of Olvi plc has decided to initiate the scheme of acquiring treasury shares based on the authorisation issued by the Annual General Meeting on 8 April 2020. On this basis, the Board will repurchase a maximum of 35,550 Series A shares.

The authorisation given by the AGM allows the acquisition of at most 500,000 Series A shares using unrestricted equity. The authorisation is valid until the next Annual General Meeting of Olvi plc., however no longer than 18 months from the General Meeting’s decision of authorisation

The period of share purchases will start no earlier than 5 November 2020.

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.

The shares shall be acquired for the purpose of financing or executing any upcoming corporate acquisitions or other arrangements, implementing the company’s incentive schemes or for other purposes decided upon by the Board of Directors.

The company currently holds 11,549 of its Series A shares as treasury shares.

Olvi plc

Lasse Aho
Managing Director
Phone +358 17 838 5200 or +358 400 203 600

DISTRIBUTION:
NASDAQ OMX Helsinki Ltd
Key media
www.olvi.fi