Wärtsilä completes the repurchases of own shares

Wärtsilä Corporation, Stock exchange release, 3 May 2023 at 13:00

Wärtsilä completes the repurchases of own shares

As communicated on 25 April 2023, the Board of Directors of Wärtsilä Corporation decided to use the authorisation given by the Annual General Meeting held on 9 March 2023 to repurchase the company’s own shares.

The repurchases started on 26 April 2023 and ended on 2 May 2023. During this period, Wärtsilä repurchased 1,000,000 shares for an average price of EUR 10.3409 per share, corresponding to approximately 0.169% of the total number of the company’s shares, which is 591,723,390.

The repurchased shares are to be used for pay-outs under the share-based incentive programmes of Wärtsilä Corporation. The shares were repurchased through public trading on Nasdaq Helsinki at the market price prevailing at the time of repurchase.

Following the repurchases, the company holds a total of 2,700,000 shares.

Wärtsilä Corporation
Board of Directors


For further information, please contact:

Kari Hietanen
Executive Vice President, Corporate Relations and Legal Affairs
Tel. +358 10 709 5609
kari.hietanen@wartsila.com

Hanna-Maria Heikkinen
Vice President, Investor Relations
Tel: +358 10 709 1461
hanna-maria.heikkinen@wartsila.com


Wärtsilä in brief
Wärtsilä is a global leader in innovative technologies and lifecycle solutions for the marine and energy markets. We emphasise innovation in sustainable technology and services to help our customers continuously improve their environmental and economic performance. Our dedicated and passionate team of 17,500 professionals in more than 240 locations in 79 countries shape the decarbonisation transformation of our industries across the globe. In 2022, Wärtsilä’s net sales totalled EUR 5.8 billion. Wärtsilä is listed on Nasdaq Helsinki. http://www.wartsila.com