Loihde Plc starts acquisition of own shares
Loihde Plc Company announcement 4 January 2022 at 11:00 EET
Loihde Plc starts acquisition of own shares
Based on the authorisation given by the Annual General Meeting on 6 May 2021, the Board of Directors of Loihde Plc has decided to start the acquisition of the company’s own shares. The maximum number of shares to be acquired is 230,000, which corresponds to approximately 3.8 per cent of the company’s shares. However, the amount used for acquiring shares will be at most EUR 5,000,000.
The shares are acquired otherwise than in proportion to the shareholdings of the shareholders by public trading at the market price at the time of acquisition on the First North Growth Market Finland marketplace maintained by Nasdaq Helsinki Oy. The acquisition of the company’s own shares starts on 10 January 2022 at the earliest and ends on 4 May 2022 at the latest. The acquisition of the company’s own shares is paid for with the company’s distributable unrestricted equity.
The purpose of acquiring the company’s own shares is to develop the company’s financing structure by lowering its equity and using the shares as part of the company’s share-based incentive schemes.
The Annual General Meeting held on 6 May 2021 authorised the Board of Directors to decide on the acquisition of at most 230,000 of the company’s own shares (approximately 4.0 per cent of the total number of shares in the company according to the situation on the day of the notice of the Annual General Meeting, 14 April 2021).
Loihde Plc has a total of 6,010,041 shares and votes. Currently, Loihde holds 80,530 of its own shares.
Further information
CEO Samu Konttinen
Media contact: Director of Communications Tiina Nieminen, tel. +358 44 411 3480 or tiina.nieminen@loihde.com
Certified Adviser Alexander Corporate Finance Oy, tel. +358 50 520 4098
Loihde is an expert organisation specialising in digital development and security solutions. We help our customers create growth and competitiveness through digitalisation, while ensuring the security of people and information and the continuity of business. Loihde consists of two business areas: security solutions with the brand Loihde Trust, and digital development with the brands Loihde Advisory, Loihde Analytics and Loihde Factor. The Group has approximately 729 employees and its revenue in 2020 amounted to EUR 106.8 million.
