Kamux Oyj commences an Equity Buyback Plan for 2,000,000 shares, representing 5% of its issued share capital, under the authorization approved on April 20, 2023.
March 21, 2024 at 12:30 pm EDT
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Kamux Oyj (HLSE:KAMUX) commences share repurchases on March 21, 2024, under the program mandated by the shareholders in the Annual General Meeting held on April 20, 2023. As per the mandate, the company is authorized to repurchase up to 2,000,000 shares, representing 5% of its issued share capital. The repurchased shares are to be used for execution of the company?s share-based incentive schemes or for other purposes determined by the company. The authorization is valid until the closing of the next Annual General Meeting , however, no longer than until June 30, 2024. As of March 28, 2023, the company had 40,017,420 issued shares and 6,098 treasury shares.
On March 20, 2024, the company initiated a Market Repurchase. Under the program, the company will repurchase up to 135,000 shares, representing 0.3% of its share capital for ?0.81 million. The shares will be acquired to fulfill obligations related to the company's share-based commitment and incentive plan for the group?s key persons for 2024-2026 and the Green Lions matching share plan for Group?s key employees. The repurchases shall start on March 21, 2024. The repurchases will end at the latest on April 17, 2024. As of March 20, 2024, the company had 40,017,420 shares including 9,053 treasury shares.
Kamux Oy is a Finland-based company engaged in the retail sale of used cars and light motor vehicles. The Company offers used cars from Finland, Sweden and Germany. In addition, it provides services, such as car insurance and financing. The Company's insurance services are focused on the protection cars from vandalism, animal crash safety, fire safety, theft security, towing safety, among others. The Company's financing services are involved in the consumer lending. Kamux Oy operates via a subsidiary Kamux Suomi Oy, which has a number of stores across Finland located in cities such as Helsinki, Hyvinkaa, Hameenlinna, Jyvaskyla, Kouvola, Kristiinankaupunki, Kuopio, Lahti, Mikkeli, Nummela, Oulu, Pori, Raisio, Rauma, Porvoo, Rovaniemi, Lappeenranta, Tampere and Ylivieska.
Kamux Oyj commences an Equity Buyback Plan for 2,000,000 shares, representing 5% of its issued share capital, under the authorization approved on April 20, 2023.
KAMUX OYJ 
