Innofactor Oyj - Changes in company's own shares

Innofactor Plc's share repurchase ends

Innofactor Plc Stock Exchange Release March 8, 2017, at 08:35 Finnish time


Innofactor Plc announced on July 7, 2016, that the Board of Directors had
decided on a share repurchase of maximum 800,000 company’s own shares on the
basis of authorization granted by the General Meeting on March 29, 2016. 

The Board of Directors has decided to end the share repurchase program with
immediate effect. 

During July 7, 2016 - March 7, 2017, the company repurchased in public trading
and in accordance with the rules of NASDAQ Helsinki Oy a total of 326.317 of
company shares in the average price of EUR 1,0463. The total purchase price of
the shares was EUR 352.569,85. 

In total 335.317 company shares in company’s posession will be given to the
seller of Cinteros AB as part of the additional purchase price as announced
earlier today in the average price of EUR 1,2503 per share. 


Espoo, March 8, 2017

INNOFACTOR PLC

Board of Directors


Additional information:
CEO Sami Ensio, Innofactor Plc
Tel. +358 50 584 2029
sami.ensio@innofactor.com


Distribution:
NASDAQ Helsinki
Principal media
www.innofactor.com


Innofactor is one of the leading Nordic providers of cloud solutions and
digital transformation. Innofactor has Microsoft Ecosystem’s leading expertise
and the most comprehensive offering in the Nordics. Innofactor has over 600
eager and motivated top professionals in Finland, Sweden, Denmark and Norway.
Innofactor serves over 1,500 commercial, public, and third sector
organizations. In 2011 to 2015, the annual growth of Innofactor’s net sales has
been approximately 35%. The Innofactor Plc share is listed in the technology
section of the main list of NASDAQ Helsinki Oy. www.innofactor.com