RAPALA CONTINUES TO BUY BACK OWN SHARES
(Thomson Reuters ONE) - Rapala VMC CorporationStock Exchange ReleaseOctober 23, 2009 at 13.00 p.m.The Board of Directors of Rapala VMC Corporation (Rapala) has todaydecided to start buying back a maximum of 200 000 of Rapala's ownshares, equaling to some 0.51% of all shares, in accordance with theauthorization granted by the Annual General Meeting on April 7, 2009.The shares will be acquired with company's free equity only, andtherefore, the acquisition reduces the distributable funds. Themaximum amount to be used for the acquisition is 1 100 000 euro.Shares will be acquired in public trading on the NASDAQ OMX Helsinkiat the market price quoted at the time of repurchase in accordancewith the rules regarding the acquisition of company's owns shares.Shares will be repurchased to finance or carry out businessacquisitions or other investments, to settle the company'sequity-based incentive plans, to be transferred for other purposes,or to be cancelled.The repurchasing of shares starts on November 2nd, 2009 at theearliest and will end on December 31st, 2009 at the latest. At themoment, Rapala holds 321 867 of its own shares.Shares will be acquired in accordance with section 5 of the rules ofNASDAQ OMX Helsinki and other rules applicable to the acquisition ofown shares.RAPALA VMC CORPORATIONJorma KasslinChief Executive OfficerFor further information, please contact:Jouni Grönroos, Chief Financial Officer, +358 9 7562 540Olli Aho, Company Counsel, +358 9 7562 540Distribution: NASDAQ OMX Helsinki and Main mediaRapala VMC Corporation is a leading fishing tackle company and theglobal market leader in fishing lures, treble hooks and fishingrelated knives and tools. The Group also has a strong global positionin other fishing categories and it is one of the leading distributorsof outdoor, hunting and winter sport products in the Nordiccountries. The Group has the largest distribution network in theindustry. The main manufacturing facilities are located in Finland,France, Estonia, Russia and China. The Group brand portfolio includesthe leading brand in the industry, Rapala, and other global brandslike VMC, Storm, Blue Fox, Luhr Jensen, Williamson, Marttiini andSufix. The Group, with net sales of EUR 243 million in 2008, employssome 2 000 people in 30 countries. Rapala's share is listed andtraded on the NASDAQ OMX Helsinki stock exchange since 1998.http://hugin.info/120091/R/1349699/325358.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 23.10.2009 - 12:01 Uhr
Sprache: Deutsch
News-ID 7347
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