Transfer of Etteplan Oyj’s own shares
Stock exchange release – Published: 11.12.2017 16:30:00
ETTEPLAN OYJ, Stock exchange release, December 11, 2017, at 16.30
Transfer of Etteplan Oyj’s own shares
Etteplan Oyj has today December 11, 2017 transferred a total of 35, 000 own shares to Vataple Ltd. The transfer relates to a transaction, published in August 2017, in which Etteplan acquired full ownership of Etteplan Vataple Technology Centre, Ltd, which previously operated as a joint venture. The acquisition has now been registered in China.
The shares were purchased to Etteplan Oyj based on the Board of Directors’ decision on June 21, 2016. For the transfer, Etteplan’s Board of Directors used the authorization granted by the Annual General Meeting on April 4, 2017.
Share series: ETTE
Amount of shares: 35, 000
Price/share: 8.69 (calculated share price defined in the share purchase agreement)
After the transfer, Etteplan holds a total of 34, 690 own shares.
DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
Etteplan in brief
Etteplan provides industrial equipment and plant engineering, embedded systems, IoT (Internet of Things), and technical documentation solutions to the world’s leading companies in the manufacturing industry. Our services are geared to improve the competitiveness of our customers' products and engineering processes throughout the product life cycle. The results of Etteplan’s innovative engineering can be seen in numerous industrial solutions and everyday products. In 2016, Etteplan had a turnover of EUR 183.9 million. The company currently has some 2,800 professionals in Finland, Sweden, the Netherlands, Germany, Poland and China. Etteplan's shares are listed on Nasdaq Helsinki Ltd under the ETTE ticker. www.etteplan.com
