Pihlajalinna starts repurchasing own shares
Pihlajalinna Plc Stock Exchange Release 26 March 2024 at 1:00 p.m.
Pihlajalinna starts repurchasing own shares
The Board of Directors of Pihlajalinna Plc has decided to start repurchasing the Company’s own shares on the basis of the authorisation given by the Annual General Meeting on 4 April 2023. The share repurchase shall start on 27 March 2024 at the earliest, and end by 28 June 2024, at the latest. The shares shall be repurchased to be used as part of the payment of fees of the Group's incentive programme and the annual remuneration of the members of the Board of Directors.
The maximum number of shares to be acquired is 150,000, corresponding to 0.7 per cent of the total number of shares. The maximum amount to be allocated for the repurchase is EUR 1.3 million. The shares shall be acquired in public trading on Nasdaq Helsinki Ltd. at the market price prevailing at the time of purchase.
The AGM held on 4 April 2023 authorised the Board of Directors to decide on the repurchase a maximum of 2,260,000 of the Company’s own shares, corresponding to approximately 10 per cent of all shares of the Company, in one or several instalments. Own shares shall be repurchased with funds from the Company’s unrestricted shareholders’ equity.
The total number of shares in Pihlajalinna Plc is 22,620,135. At the moment, Pihlajalinna Plc has 43,980 own shares.
Pihlajalinna Plc
Further information:
Tuula Lehto, Vice President, Communications and Sustainability
tel. +358 40 588 5343, tuula.lehto@pihlajalinna.fi
Distribution:
Nasdaq Helsinki
Major media
investors.pihlajalinna.fi
Pihlajalinna in brief
Pihlajalinna is one of the leading providers of private healthcare and social services in Finland. The Group provides comprehensive and quality private clinic and hospital services as well as occupational healthcare and insurance cooperation services. To the wellbeing services counties Pihlajalinna offers social and healthcare service production models, in which the cooperation between the public and private sectors guarantees effective services for citizens. Appoximately 7,000 employees and 2,200 practitioners work at Pihlajalinna. In 2023, Pihlajalinna's revenue was 720 million euros. Pihlajalinna's shares are listed on Nasdaq Helsinki Oy. Read more www.pihlajalinna.fi.