Cargotec to start share repurchases
(Thomson Reuters ONE) -
CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 5 MARCH 2010 AT 2.15 P.M. (EET)
Cargotec to start share repurchases
Cargotec's Board of Directors has decided to exercise the authorisation of the
Annual General Meeting on 5 March 2010 to repurchase the Company's own shares.
The repurchases will start on 22 March 2010 at the earliest.
The maximum amount of own shares to be acquired will be less than 10 percent of
the Company's share capital and total voting rights. This corresponds to a
maximum of 6,400,000 shares so that a maximum of 952,000 class A shares and
5,448,000 class B shares may be repurchased. Currently, there are 2,959,487
class B shares in the Company's possession.
Class B shares will be purchased at public trading in the NASDAQ OMX Helsinki
Ltd. at the market price. Class A shares will be purchased outside the Stock
Exchange at the price equivalent to the average price of class B shares paid in
the NASDAQ OMX Helsinki Ltd. on the purchase date.
For further information, please contact:
Outi Aaltonen, Senior Vice President, General Counsel, Secretary to Board of
Directors,
tel. +358 204 554249
Eeva Sipilä, CFO, tel. +358 204 55 4281
Minna Karhu, Vice President, Corporate Communications, tel. +358 204 55 4630
Cargotec improves the efficiency of cargo flows on land and at sea - wherever
cargo is on the move. Cargotec's daughter brands, Hiab, Kalmar and MacGregor are
recognised leaders in cargo and load handling solutions around the world.
Cargotec's global network is positioned close to customers and offers extensive
services that ensure the continuous, reliable and sustainable performance of
equipment. Cargotec's sales totalled EUR 2.6 billion in 2009 and it employs more
than 9,500 people. Cargotec's class B shares are quoted on the NASDAQ OMX
Helsinki. www.cargotec.com
[HUG#1391328]
Unternehmensinformation / Kurzprofil:
Datum: 05.03.2010 - 13:15 Uhr
Sprache: Deutsch
News-ID 14409
Anzahl Zeichen: 0
contact information:
Town:
Helsinki
Kategorie:
Business News
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