Olvi Plc to Initiate Repurchase of Shares

 Olvi Plc                                     Stock Exchange Release 27 May 2022 at 3.15 pm

 Olvi Plc to Initiate Repurchase of Shares

In its meeting on 23 May 2022, 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 30 March 2022. On this basis, the Board will repurchase a maximum of 20,000 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 30 May 2022.

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 9,404 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