Etteplan Oyj to initiate a share repurchase program

ETTEPLAN OYJ, Stock exchange release, December 19, 2017 AT 4.00 PM

Etteplan Oyj’s Board of Directors has in its meeting on December 19, 2017 decided to initiate a share repurchase program of own shares in accordance with the authorization given to it at the Annual General Meeting on April 4, 2017. The shares are repurchased in order to be used to fulfil obligations pertaining to the company’s share-based incentive plan for the Group key personnel. 

The repurchasing of shares will start on January 2, 2018 at the earliest, and end on June 30, 2018 at the latest. The number of repurchased shares will not exceed 100 000 shares and number of voting rights, which corresponds to approximately 0.4 per cent of the total number of Etteplan’s shares. A maximum sum of EUR 890 000 can be spent on the repurchase program.

The number of repurchased shares may not exceed 25 per cent of the average daily volume of trade in Etteplan’s shares. The average daily volume is based on the average daily volume of the month preceding the publication month of this release.

Shares will be repurchased in public trading on the Nasdaq Helsinki Ltd for the market price quoted at the time of the repurchase, as provided by the regulations on public trading of shares.

Vantaa, December 19, 2017

Etteplan Oyj

Board of Directors

DISTRIBUTION:
Nasdaq Helsinki
Major media www.etteplan.com