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2008-03-28 17:00:00 CET 2008-03-28 17:00:01 CET BIRTINGARSKYLDAR UPPLÝSNINGAR Etteplan Oyj - Company AnnouncementETTEPLAN OYJ TO ACQUIRE ITS OWN SHARESETTEPLAN OYJ COMPANY ANNOUNCEMENT 28 MARCH 2008 18.00 P.M. ETTEPLAN OYJ TO ACQUIRE ITS OWN SHARES Etteplan Oyj's Board of Directors has in its meeting on March 28, 2008 decided to initiate a share buyback programme of own shares in accordance with the authorisation given to it at the Annual General Meeting on March 28, 2008. The number of acquired shares shall not exceed ten per cent (10%) of the Company's share capital and of the number of voting shares. Shares will be bought back in public trading on the OMX Nordic Exchange Helsinki for the market price quoted at the time of the buyback, as provided by the regulations on public trading of shares. In accordance with the authorisation, the shares may be acquired in order to be used as consideration in potential company acquisitions or in other structural arrangements. The shares may be used as well for carrying out company's incentive scheme provided to the personnel. The acquired shares may be kept by the company, invalidated or assigned onwards. Due to the low average trading liquidity of the company's shares, the Board of Directors has decided, as per Article 5 clause 3 in EU Commission Regulation No 2273/2003 to deviate from the procedures referred to in the Article 5 clause 2 in such way that acquisition of the company's own shares may lead to a situation where the volume being acquired exceeds 25% of the average daily trading volume, but even in such cases, the deviation must not exceed 50 % of the average daily trading volume. The acquisition of company's own shares will start at the earliest in a week from the announcement of this Board of Director's decision. Hollola, 28 March 2008 Etteplan Oyj Board of Directors More information is available from Matti Hyytiäinen, President and CEO of Etteplan Oyj (tel. +358 400 710 968) or Pia Björk, CFO and Vice President for Corporate Planning, at tel. +358 400 241 815 DISTRIBUTION: OMX Nordic Exchange Helsinki Principle media www.etteplan.com |
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