SRV Group Plc starts acquisition of company's own shares
SRV Group PLc Stock Exchange Release 13 May 2009 10.00 a.m. EET
The Board of Directors of SRV Group Plc has decided to use the authorization
given by the Annual General Meeting of SRV Group Plc's shareholders on 24 March
2009 to acquire the company's own shares with the company's unrestricted equity.
A maximum of 3,676,846 own shares, or a lower amount that, in addition to the
shares already owned by the company and its subsidiaries, is less than 10 per
cent of all shares, may be acquired on the basis of the authorization. The
authorization includes the right to acquire own shares otherwise than in
proportion to the holdings of the shareholders. At the moment, SRV Group has in
its possession 584,128 shares.
Own shares will be acquired otherwise than in
proportion to the holdings of the shareholders with the company's own
unrestricted equity for the current price, quoted at Nasdaq OMX Helsinki at the
moment of acquisition of shares.
The company's own shares can be acquired in order to be used as part of the
company's incentive programs, as payment in corporate acquisitions or when the
company acquires assets relating to its business as well as to be otherwise
conveyed, held or cancelled.
Share acquisition will start earliest on May 25, 2009. The authorization is in
force
for 18 months from the decision of the Annual General Meeting.
SRV Group Plc
Eero Heliövaara
CEO
For further information, please contact:
Eero Heliövaara, president and CEO, tel. +358 (0)20 1455 202
Distribution:
Nasdaq OMX Helsinki
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