22.4.2024 11:00:01 EEST | Loihde Oyj | Company Announcement

Loihde Plc Company announcement 22 April 2024 at 11:00 a.m. EEST

Loihde Plc’s share buyback programme has ended

On 5 September 2023, Loihde Plc’s Board of Directors decided to start a share buyback programme in accordance with the authorisation granted to them by the Annual General Meeting on 4 May 2023.

Loihde has now completed the share buyback programme in question. The repurchase of shares started on 15 September 2023 and ended on 19 April 2024. During that period, Loihde acquired 59,123 own shares at a total value of EUR 763,558.45 and an average price per share of EUR 12.9147. The shares were acquired by public trading on the Nasdaq First North Growth Market Finland marketplace at the market price quoted at the time of acquisition.

The shares were repurchased in order to improve the company’s financing structure by lowering its equity and to implement the company’s share-based incentive schemes.

Loihde Plc currently has 5,790,926 shares. After the repurchases, the company holds 59,123 treasury shares.

 

Further information

CEO Samu Konttinen,
media contacts: Director of Communications Tiina Nieminen, tel. +358 44 411 3480, tiina.nieminen@loihde.com

 

Certified Adviser Aktia Alexander Corporate Finance Oy, tel. +358 50 520 4098

 

Loihde enables business continuity. We help our customers to gain a sustainable competitive edge through data, AI and digitalisation, to harness the potential of the cloud and to protect themselves against both physical and cyber threats. The combining of these skills is what makes Loihde a unique and comprehensive partner. We are approximately 850 skilled professionals, and our revenue in 2023 amounted to EUR 133 million. loihde.com

Attachments

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