Loihde Oyj (HLSE:LOIHDE) commences share repurchases on January 10, 2022, under the program mandated by the shareholders in the Annual General Meeting held on May 6, 2021. As per the mandate, the company is authorized to repurchase up to 230,000 shares, representing 3.97%of its issued share capital. The purpose of the program is to improve the financial structure of the company as part of the company implementation of the incentive scheme or otherwise for further surrender or cancellation. The program is valid until June 30, 2022. As of April 14, 2021, the company had 5,789,724 shares issued excluding treasury shares and 80,530 treasury shares.

On January 4, 2022, the company announced a share repurchase program. Under the program, the company will repurchase €5 million worth of shares. The acquisition of the company's own shares is paid for with the company's distributable unrestricted equity. The purpose of acquiring the company's own shares is to develop the company's financing structure by lowering its equity and using the shares as part of the company's share-based incentive schemes. The acquisition of the company's own shares starts on January 10, 2022 at the earliest and ends on May 4, 2022 at the latest.