Loihde Plc starts acquisition of own shares
5.9.2023 18:00:01 EEST | Loihde Oyj | Company Announcement
Based on the authorisation given by the Annual General Meeting on 4 May 2023, 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 350,000, which corresponds to approximately 6.1 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 Nasdaq First North Growth Market Finland marketplace maintained by Nasdaq Helsinki Oy. The acquisition of the company’s own shares starts on 15 September 2023 at the earliest and ends on 19 April 2024 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 4 May 2023 authorised the Board of Directors to decide on the acquisition of at most 350,000 of the company’s own shares.
Loihde Plc has a total of 5,746,181 shares and votes. Currently, Loihde Group holds 400 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 Aktia Alexander Corporate Finance Oy, tel. +358 50 520 4098
Loihde enables business continuity. We help our customers to create growth and competitiveness through digitalisation and to protect themselves from physical and cyber threats. Loihde consists of two business areas: security solutions with the brand Loihde Trust and digital development with the brands Loihde Advance, Loihde Factor and Loihde Cloudon. The Group has approximately 900 employees and its revenue in 2022 amounted to EUR 123.0 million.