Own shares

The AGM 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 quantity represents approximately one (1) per cent of the company’s entire share capital. The shares shall be acquired using the company’s non-restricted shareholders’ equity through trading on a regulated market arranged by Nasdaq Helsinki Ltd and in accordance with its rules and instructions, for which reason the acquisition is directed, in other words, the shares will be purchased otherwise than in proportion to the shareholders’ current holdings. The price paid for the shares shall be based on the price of the company share on the regulated market, so that the minimum price of purchased shares is the lowest market price of the share quoted on the regulated market during the term of validity of the authorisation and the maximum price, correspondingly, the highest market price quoted on the regulated market during the term of validity of the authorisation.

Shares can be purchased for the purpose of improving the company’s capital structure, financing or carrying out corporate acquisitions or other arrangements, implementing incentive schemes for the management or key employees or to be otherwise transferred or cancelled. The authorisation is valid until the following AGM, but not later than 30 June 2021.

2020

On 29 April, 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 29 April 2020. The buyback programme initiated on 4 May 2020 and terminated on 5 June 2020. The number of shares acquired was a maximum of 90,000 shares, which represented approximately 0.1 per cent of all Alma Media shares. The acquired shares was used to implement the company’s share-based incentive programme.

On 14 February, Alma Media Corporation’s Board of Directors decided on 14 February 2020 to use the buyback authorisation of Alma Media’s shares granted by the Annual General Meeting on 15 March 2019. The buyback programme initiated on 17 February 2020 and terminated on 10 March 2020. The number of shares acquired was a maximum of 90,000 shares, which represented approximately 0.1 per cent of all Alma Media shares. The acquired shares were used for implementing a share-based incentive programme.

2017

Alma Media acquired its own shares over the period 22 February–21 March 2017 based on an authorisation granted by the Annual General Meeting of 2016 and over the period 23 February–29 May 2017 based on an authorisation granted by the Annual General Meeting of 2017. In 2017 Alma Media acquired its own shares 160 000 in total.