Relais Group Plc’s share buyback program has ended
Relais Group Plc
Stock Exchange Release 6 November 2024 at 9:00 a.m. EET
On 8 May 2024 the Board of Directors of Relais Group Plc decided to launch a buyback program concerning Relais Group Plc's own shares based on the authorization to repurchase own shares granted by the Annual General Meeting held on 10 April 2024.
Relais Group Plc has now completed the share buy-back program. The repurchases of the shares began on 8 May 2024 and ended on 5 November 2024. During that period, Relais Group repurchased 71,735 of its own shares at a total value of EUR 999,971.55. The average purchase price per share was EUR 13.94. The shares were acquired in public trading on Nasdaq Helsinki Ltd at the market price prevailing at the time of purchase in compliance with the price and volume limits applicable under the Safe Harbor Rules and in accordance with the terms and conditions of the buy-back program.
The purpose of the share buyback program was to optimize the Company's capital structure through reduction of the Company's unrestricted equity capital. The repurchase of own shares will reduce the Company's unrestricted equity. The repurchased 71,735 shares will be cancelled in accordance with the procedure set out in the Finnish Limited Liability Companies Act. Following the repurchases, Relais Group holds a total of 71,785 own shares, which represents approximately 0.40 per cent of the total number of the Company's shares, which is 18,132,308.
RELAIS GROUP PLC
BOARD OF DIRECTORS
Further information:
CFO Thomas Ekström
+358 50 381 9751
thomas.ekstrom@relais.fi
Distribution
Nasdaq Helsinki Ltd
Main media
www.relais.fi
Relais Group Plc in brief
Relais Group is a leading consolidator and acquisition platform on the vehicle aftermarket in the Nordic and Baltic countries. We have a sector focus in vehicle life cycle enhancement and related services. We also serve as a growth platform for the companies we own.
We are a profitable company seeking strong growth. We carry out targeted acquisitions in line with our growth strategy and want to be an active player in the consolidation of the aftermarket in our area of operation. Our acquisitions are targeted at companies having a good strategic fit with our group companies.
Our net sales in 2023 was EUR 284.3 (2022: 260.7) million. During 2023, we completed a total of four acquisitions. We employ approximately 1,000 professionals in six different countries. The Relais Group share is listed on the Main Market of Nasdaq Helsinki with the stock symbol RELAIS.