Caverion Oyj - Company Announcement

Caverion Corporation to start a share repurchase programme

Helsinki, 2014-07-22 07:50 CEST (GLOBE NEWSWIRE) -- 



CAVERION CORPORATION    STOCK EXCHANGE RELEASE    JULY 22, 2014 at 8:50 a.m.


Caverion Corporation to start a share repurchase programme


The Board of Directors of Caverion Corporation has resolved to acquire a
maximum of 500,000 company's own shares based on the authorization given by the
Annual General Meeting on March 17, 2014. The shares will be purchased to
accomplish and hedge the long-term share-based incentive plan 2014−2016 for the
company's key senior executives. There is a weighty financial reason for the
directed acquisition, as the purpose of the incentive plan is to encourage
reaching the financial targets of the company. 

The shares will be acquired in a public trading arranged by NASDAQ OMX Helsinki
Ltd at the market price. The purchases of the shares will start on July 23,
2014 at the earliest and end on March 31, 2015 at the latest. 

The shares shall be acquired according to the Rules of NASDAQ OMX Helsinki Ltd
and otherwise according to the rules related to acquisition of company's own
shares. 

The authorization given by the Annual General Meeting to the Board of Directors
covers the purchasing of a maximum of 12,500,000 company shares using the funds
from the company's unrestricted equity. 



For additional information, please contact:

Milena Hæggström, Head of Investor Relations, tel. +358 40 5581 328,
milena.haeggstrom@caverion.fi 

Paula Vesanto, Vice President, Group Treasury, +358 40 532 2417,
paula.vesanto@caverion.fi 



CAVERION CORPORATION



Distribution: NASDAQ OMX, principal media, www.caverion.com

Caverion designs, builds, operates and maintains user-friendly and
energy-efficient technical solutions for buildings and industries. Our services
are used in offices, retail properties, housing, public premises, industrial
plants and infrastructure, among other places.We aim to be a leading European
provider of advanced and sustainable life cycle solutions. Our strengths
include technological competence and comprehensive services, covering all
technical disciplines throughout the life cycle of the propertyand industrial
plant. Caverion was established through the demerger of Building Services and
Industrial Services businesses from YIT Group in June 2013.Our revenue for 2013
amounted to approximately EUR 2.5 billion.Caverion has nearly 18,000 employees
in 13 countries in Northern and Central Europe.Caverion's shares are listed on
NASDAQ OMX Helsinki. www.caverion.com.