Pihlajalinna starts repurchasing own shares for its M&A transactions and incentive programme

Pihlajalinna Plc                        Stock Exchange Release          23 March 2022 at 9.30 a.m..

Pihlajalinna starts repurchasing own shares for its M&A transactions and incentive programme

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 15 April 2021.

The shares shall be repurchased to be used for M&A transactions and as part of the incentive programme.

The maximum number of shares to be acquired is 120,000, corresponding to 0.53% of the total number of shares. The maximum sum to be used for the repurchase is EUR 1.500.000. The shares shall be acquired in public trading on Nasdaq Helsinki Ltd. at the market price prevailing at the time of purchase.

The share repurchase shall start on 24 March 2022 at the earliest, and end by 31 May 2022, at the latest.

The AGM held on 15 April 2021 authorised the Board of Directors to decide on the repurchase a maximum of 2,061,314 of the Company’s own shares (approx. 9% 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 17,033 own shares.

Further information:
Joni Aaltonen, Group CEO

Enquiries through Pihlajalinna IR communications:
Merja Kössi, Corporate Communications Manager, tel. +358 40 525 2845 or merja.kossi@pihlajalinna.fi

Distribution:
Nasdaq Helsinki
Keskeiset tiedotusvälineet
investors.pihlajalinna.fi

Pihlajalinna in brief
20-year-old Pihlajalinna (Nasdaq Helsinki: PIHLIS) is one of the leading private providers of social, healthcare and wellbeing services. The Group provides services to private individuals, companies, insurance companies and public sector entities, such as municipalities and joint municipal authorities, across Finland. The Group provides general practitioner and specialised care services, occupational healthcare and dental care services and also residential and wellbeing services, for example. The Group, in cooperation with the public sector, offers social and healthcare service provision models to public sector entities with the aim of providing high-quality services. Read more at investors.pihlajalinna.fi.