Share repurchases

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 proposed 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 in 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 other than in proportion to the shareholders’ current holdings. The price paid for the shares shall be based on the price of the company share in the regulated market, so that the minimum price of purchased shares is the lowest market price of the share quoted in the regulated market during the term of validity of the authorisation and the maximum price, correspondingly the highest market price quoted in 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 be valid until the following AGM, but not later than 30 June 2019.  

 

2017

Alma Media has 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.

Following transactions completed on 29 May 2017, the number of shares held by
the company is 160 000.

The acquisition of company’s own shares has so far ended for 2017.