Alma Media Oyj commences an Equity Buyback Plan for 824,000 shares, representing 1% of its issued share capital, under the authorization approved on March 24, 2021.

Alma Media Oyj (HLSE:ALMA) commences share repurchases on October 25, 2021, under the program mandated by the shareholders in the Annual General Meeting held on March 24, 2021. As per the mandate, the company is authorized to repurchase up to 824,000 shares, representing 1% of its issued share capital. The price paid for the shares shall be based on the price of the company share on the regulated market so that the minimum price of purchased shares is the lowest market price of the share quoted on the regulated market during the term of validity of the authorization and the maximum price, correspondingly, the highest market price quoted on the regulated market during the term of validity of the authorization. The shares repurchased will be transferred or cancelled. The purpose of the share repurchases is to improve the company?s capital structure, financing or carrying out corporate acquisitions or other arrangements, implementing incentive schemes for the management or key employees. The authority shall expire at the earliest of the next Annual General Meeting or June 30, 2022, which ever is earlier. As of February 17, 2021, the company had a total of 82,383,182 shares issued. On October 21, 2021, the company initiated a Market Repurchase. Under the program, the company will repurchase up to 320,000 shares, representing 0.4% of its issued share capital. The company?s own shares shall be acquired using the company?s non-restricted shareholders? equity at the market price valid at the time of purchase. The acquired shares will be used to implement the company?s share-based incentive program. The buyback program will be initiated at the earliest on October 22, 2021 and terminated once all the shares have been purchased.