Tokmanni Group Oyj commences an Equity Buyback Plan for 2,943,000 shares, representing 5% of its issued share capital, under the authorization approved on May 7, 2020.
December 21, 2020 at 11:30 am EST
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Tokmanni Group Oyj (HLSE:TOKMAN) commences share repurchases on December 21, 2020, under the program mandated by the shareholders in the Annual General Meeting held on May 7, 2020. As per the mandate, the company is authorized to repurchase up to 2,943,000 shares, representing 5% of its issued share capital. The share repurchases will be used to execute its incentive program or corporate acquisitions or other business arrangements or investments related to the company’s operations, to improve its capital structure or to be further transferred, retained by the company or cancelled. The authority will be valid until the conclusion of next Annual General Meeting in 2021, or June 30, 2021, whichever is earlier. As of April 15, 2020, the company has 58,868,752 shares outstanding.
On December 17, 2020, the company announced a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.17% of its issued share capital. The share repurchases will be used as a part of company's incentive programs. The program will commence from December 18, 2020, and will be valid till January 11, 2021. As of December 17, 2020, the company has 58,868,752 shares in issue and 6,467 shares in treasury.
Tokmanni Group Oyj is a Finland-based nationwide variety discount retailer. The Company serves its customers with a network of around 200 stores and an online store. Tokmanni Groupâs product categories include groceries, home cleaning and personal care, clothing, tools and electrical equipment, home, decoration and garden, as well as leisure and home electronics. The assortment in Tokmanniâs product categories consists of the Companyâs own private label products, and non-branded products as well as international and domestic brands. Its private labels include Autoplus, BBQ King, Brucke, Future TT Sport, Ideale, Iisi, Kraft, Natur Premium Pet, Miny, Kotikulta, Perfekt, Pisara, Pola, Priima, Parco, Tok Garden and Vaeltaja, among others.
Tokmanni Group Oyj commences an Equity Buyback Plan for 2,943,000 shares, representing 5% of its issued share capital, under the authorization approved on May 7, 2020.
TOKMANNI GROUP OYJ 
