Loihde Oyj (HLSE:LOIHDE) commences share repurchases on September 15, 2023, under the program mandated by the shareholders in the Annual General Meeting held on May 4, 2023. As per the mandate, the company is authorized to repurchase up to 350,000 shares, representing 6.11%of its issued share capital. The purchase price will be determined by the share price at the time of acquisition, or by means of a purchase offer to the shareholders. 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, 2024. As of March 28, 2023, the company had 5,729,709 shares issued excluding treasury shares and 400 treasury shares.

On September 5, 2023, the company announced a share repurchase program. Under the program, the company will repurchase ?5 million worth of shares. The shares will be repurchased from company?s distributable unrestricted equity. The repurchases will start from September 15, 2023, at the earliest and ends on April 19, 2024.