Lehto Group Oyj commences an Equity Buyback Plan for 8,733,000 shares, representing 10% of its issued share capital, under the authorization approved on May 2, 2022.

Lehto Group Oyj (HLSE:LEHTO) commences share repurchases on March 13, 2023, under the program mandated by the shareholders in the Annual General Meeting held on May 2, 2022. As per the mandate, the company is authorized to repurchase up to 8,733,000 shares, representing 10% of its issued share capital. The shares will be purchased at market price at the time of purchase.

The repurchased shares will be used for share-based incentive systems otherwise to transfer or invalidate or stored by the company. The authorization is valid until the closing of the next Annual General Meeting but in any case, not longer than June 30, 2023. As of April 11, 2022, the company had 87,311,287 shares issued and outstanding.