Acquiring of Company´s own shares
(Thomson Reuters ONE) -
SOLTEQ PLC STOCK EXCHANGE BULLETIN ON MAY 7, 2010
The Board of Directors of Solteq Plc has decided to acquire the maximum amount
of 600.000 company's own shares (including 282.836 own shares acquired earlier)
on the grounds of the authorization given by the Annual General Meeting of March
26, 2010.
According to the authorization, the shares can be acquired in order to develop
the company's capital structure, finance and execute acquisitions or similar
arrangements or used as part of the incentive scheme of the personnel or convey
otherwise or be invalidated.
Due to the low average trading liquidity of the company's shares, the Board
further decided, as per Clause 3.2.5 of the Helsinki Stock Exchange Guidelines
governing the acquisition of own shares, to deviate from the procedures referred
to in Clauses 3.2.1-3.2.2 of the Guidelines as detailed here. The company aims
to carry out the acquisition of its own shares within nine months of launching
the acquisition, thus seeking to ensure trading liquidity during the buy-back
programme. Acquisition of the company's own shares on these terms may lead to a
situation where the volume being acquired exceeds half (50 %) of the average
daily trading volume, but even in such cases, the deviation must not result in
any exceptional market movements, nor may the volume being acquired on that
particular trading day exceed 10 % of total volumes being acquired.
The acquiring of the company's own shares will start during one week after the
publication of this decision at the earliest and will end at the end of the next
Annual General Meeting at the latest.
THE BOARD OF DIRECTORS OF SOLTEQ PLC
For further information, please contact:
Ali U.Saadetdin, Chairman of the board
Tel +358 20 1444 201 or +358 40 8444 201,
e-mail ali.saadetdin(at)solteq.com
Distribution:
NASDAQ OMX Helsinki
Key media
[HUG#1413170]
Unternehmensinformation / Kurzprofil:
Datum: 07.05.2010 - 14:16 Uhr
Sprache: Deutsch
News-ID 20503
Anzahl Zeichen: 0
contact information:
Town:
Tampere
Kategorie:
Business News
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