Ponsse Plc to start repurchase of own shares
The Board of Directors of Ponsse Plc has resolved to exercise the authorisation
by the Annual General Meeting on 31 March 2010 to repurchase a maximum of
165.000 of the company's own shares, which corresponds to 0,59 per cent of the
total number of issued shares. The shares will be repurchased as part of the
company's incentive programme announced on 29 April 2010 to be used as potential
reward payments in accordance with the programme criteria.
Shares will be repurchased otherwise than in proportion to the existing
shareholdings of the company's shareholders using the company's unrestricted
equity in public trading on the NASDAQ OMX Helsinki Ltd at the market price
quoted at the time of the repurchase.
The repurchase of own shares will start on 18 May 2010 at the earliest. The
repurchase authorisation will be effective until the next Annual General
Meeting; however, no later than 30 June 2011 and covers a maximum of 250,000
Vieremä 10 May 2010
Petri Härkönen, CFO, tel. +358 20 768 8608 or +358 50 409 8362
NASDAQ OMX Helsinki Ltd
Ponsse Plc specialises in the sales, production, maintenance and technology of
cut-to-length forest machines. Its operations are guided by a genuine interest
in its customers and their business operations. The company develops and
manufactures innovative harvesting solutions that follow the principles of
sustainable development and are based on customer needs.
The company was established by forest machine entrepreneur Einari Vidgrén in
1970, and it has been a pioneer of timber harvesting solutions based on the
cut-to-length method ever since. Ponsse is headquartered in Vieremä, Finland.
The Company's shares are quoted on the NASDAQ OMX Nordic List. The Group
operates in approximately 40 countries.