Innofactor Oyj - Company Announcement

Innofactor Plc starts acquisition of own shares

Innofactor Plc Stock Exchange Release June 7, 2016, at 8:30 Finnish time



At its meeting on June 6, 2016, the Board of Directors of Innofactor Plc
decided to start the acquisition of its own shares. A maximum of 800,000 shares
will be acquired equalling approximately 2.43 % of the total amount of the
company’s shares. The decision is based on the authorization given to the Board
by the Annual General Meeting on March 29, 2016 to acquire a maximum of
8,000,000 shares. The acquisition of own shares will start at the earliest on
July 1, 2016 and will end on March 31, 2017 at the latest. 

The shares may be used to develop the capital structure, to widen the ownership
base, in making a payment for an acquisition, or when the company buys property
related to its business operations or as part of the incentive compensation
plan, or to be otherwise invalidated or conveyed. 

The shares will be acquired by using company’s unrestricted equity shares at
the prevailing market price on the NASDAQ Helsinki Ltd in public trading in
accordance with the Finnish and EU laws and regulations, and NASDAQ Helsinki
Ltd regulations and guidelines for acquisition of own shares. 



INNOFACTOR PLC

Board of Directors


Further information:

Sami Ensio, CEO
Innofactor Plc
Tel. +358 50 584 2029


Distribution:

NASDAQ Helsinki
Main media
www.innofactor.com


Innofactor is one of the leading Nordic IT solution providers focused on
Microsoft platforms. Innofactor delivers business critical solutions and
maintenance services as a system integrator and develops its own software
products and services. The focus area in Innofactor’s own product development
is Microsoft’s cloud solutions. Innofactor's customers include over 1,200
private and public sector organizations in the Nordic Countries. The company
has over 500 motivated and skilled employees in a number of locations in
Finland, Sweden and Denmark. In 2011–2015, 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