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2011-05-18 09:00:00 CEST 2011-05-18 09:00:15 CEST REGULATED INFORMATION Solteq Oyj - Company AnnouncementACQUIRING OF COMPANY'S OWN SHARESSOLTEQ PLC STOCK EXCHANGE BULLETIN ON MAY 18, 2011 The Board of Directors of Solteq Plc has decided to acquire the maximum amount of 500.000 company's own shares (in addition to the 564.081 own shares already owned by the Group companies) on the grounds of the authorization given by the Annual General Meeting of March 16, 2011. According to the authorization, the shares can be acquired in order to develop the company's capital structure, finance and execute acquisitions or similar arrangements or used as part of the incentive scheme of the personnel or convey otherwise or be invalidated. Due to the low average trading liquidity of the company's shares, the Board further decided, as per Clause 3.2.5 of the Helsinki Stock Exchange Guidelines governing the acquisition of own shares, to deviate from the procedures referred to in Clauses 3.2.1-3.2.2 of the Guidelines as detailed here. The company aims to carry out the acquisition of its own shares within nine months of launching the acquisition, thus seeking to ensure trading liquidity during the buy-back programme. Acquisition of the company's own shares on these terms may lead to a situation where the volume being acquired exceeds half (50 %) of the average daily trading volume, but even in such cases, the deviation must not result in any exceptional market movements, nor may the volume being acquired on that particular trading day exceed 10 % of total volumes being acquired. The acquiring of the company's own shares will start during one week after the publication of this decision at the earliest and will end at the end of the next Annual General Meeting at the latest. THE BOARD OF DIRECTORS OF SOLTEQ PLC For further information, please contact: Repe Harmanen, CEO Tel +358 400 467 717, e-mail repe.harmanen@solteq.com Distribution: NASDAQ OMX Helsinki Key media [HUG#1516655] |
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