Avidly Oyj commences an Equity Buyback Plan for 529,000 shares, representing 10.02% of its issued share capital, under the authorization approved on April 13, 2021.

Avidly Oyj (HLSE:AVIDLY) commences share repurchases on January 3, 2022, under the program mandated by the shareholders in the Annual General Meeting held on April 13, 2021. As per the mandate, the company is authorized to repurchase up to maximum of 529,000 shares, representing 10.02% of its issued share capital. The acquired shares may be held in the company's possession or they may be annulled or further transferred. Any acquisition under the authorization may only be carried out by using the company's non-restricted equity. The program will be valid up to June 30, 2022. As of March 18, 2021, the company had 5,290,004 shares from which the company possesses 10,473 shares.

On December 23, 2021, the company initiated a Market Repurchase. Under the program, the company will repurchase up to a maximum of 21,000 shares, representing 0.4% of its share capital for €0.1 million. The repurchase will be financed with the unrestricted equity of the Company. The repurchased own shares will be used in the future to implement important corporate and incentive arrangements for the Company. Repurchased own shares may also be cancelled. The acquisitions of own shares will begin no earlier than January 3, 2022, and end no later than March 29, 2022.