Repurchase of own shares based on share plans concluded
Alma Media Corporation Stock exchange release 22 September 2023 at 9 a.m.
REPURCHASE OF OWN SHARES BASED ON SHARE PLANS CONCLUDED
Alma Media Corporation’s Board of Directors decided to use the buyback authorisation of Alma Media’s shares granted by the Annual General Meeting on April 4, 2023 for the implementation of the company’s share-based incentive programme. The buyback programme was initiated on April 25, 2023 and was terminated when the needed amount of shares had been purchased on 19 September, 2023. The number of shares acquired was 300 000 shares and the average price per share was 9.1854 euros. Following the acquisition, the corporation owns the total of 309 889 shares, representing approximately 0.4 per cent of all Alma Media shares. The total registered number of shares in Alma Media is 82,383,182.
The AGM of 4 April 2023 authorised the Board of Directors to decide on the repurchase of a maximum of 824,000 shares in one or more lots. The maximum authorised number of shares represented approximately one (1) per cent of the company’s entire share capital.
The company’s own shares were acquired using the company’s non-restricted shareholders’ equity at the market price valid at the time of purchase of the shares through trading in a regulated market arranged by NASDAQ Helsinki Oy, and the shares were purchased otherwise than in proportion to shareholders’ current holdings. The shares were acquired and paid for according to the rules and instructions of NASDAQ Helsinki Oy and Euroclear Finland Ltd.
For more information, please contact: Mikko Korttila, General Counsel, Alma Media Corporation, tel. +358 50 593 4589
ALMA MEDIA CORPORATION
DISTRIBUTION: NASDAQ Helsinki, key media, www.almamedia.fi
Alma Media in brief
Alma Media is an international company of digital media, marketplaces and services with a strong capacity for renewal. We inspire human curiosity and choice by creating services that combine technology and content with a local heart. In Finland, our best-known brands include Kauppalehti, Talouselämä, Iltalehti, Jobly, Etuovi.com, Nettiauto and Nettimoto. Our recruitment services include prace.cz and jobs.cz in the Czech Republic, Profesia.sk in Slovakia and mojposao.net in Croatia.
In Finland, our business operations include leading housing and automotive marketplaces, financial and professional media, national consumer media and content and data services for businesses and professionals. Alma Media’s international business in Eastern Central Europe, Sweden and the Baltic countries consists of recruitment services and an online marketplace for commercial properties.
Alma Media operates in 11 countries in Europe and employs approximately 1,700 professionals. Alma Media’s revenue from continuing operations was EUR 309 million in 2022 of which the share of digital business was 81%. Alma Media’s share is listed on NASDAQ Helsinki. Read more at www.almamedia.fi/en/.
- Published: 22.9.2023, 09:00
- Category: Stock exchange release