Vaisala Oyj commences an Equity Buyback Plan for 800,000 shares, representing 23.29% of its issued share capital, under the authorization approved on March 28, 2023.
May 09, 2023
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Vaisala Oyj (HLSE:VAIAS) commences share repurchases on May 10, 2023, under the program mandated by the shareholders in the Annual General Meeting held on March 28, 2023. As per the mandate, the company is authorized to repurchase up to 800,000 class A shares, representing 23.29% of its issued share capital. The program will be financed with funds belonging to the company's unrestricted equity. Shares so purchased can be used as consideration in possible acquisitions or in other arrangements that are part of the company's business, to finance investments, as part of the company's incentive programs, or be retained, conveyed, or cancelled by the company. This authorization is valid until the closing of the next Annual General Meeting, however, no longer than September 28, 2024. As of February 15, 2023, the company had 36,436,728 shares comprised of 6,731,092 series K shares and 29,705,636 series A shares and 208,487 series A shares in treasury.
On May 5, 2023, the company announced a share repurchase program. Under the program, the company will repurchase 50,000 A shares. Purchased shares will be used as a reward payment for Vaisala's share-based incentive plans. The repurchases will start on May 10, 2023, at the earliest and end on September 30, 2023, at the latest.
Vaisala Oyj is a Finland-based company engaged in the development, manufacture and marketing of observation and measurement products and services for meteorology, weather critical operations and controlled environments. The Companyâs operations are divided into two business areas. The Weather and Environment operating segment is a provider of measurement technology for weather-dependent markets and customers, such as meteorological institutes, road and rail operators, airport operators, defense forces, energy and maritime industries. The Industrial Measurements segment offers products and services to industrial customers and research institutions that operate in controlled environments and require precise measurements. The Company operates worldwide through its subsidiaries, branches and sales offices.
Vaisala Oyj commences an Equity Buyback Plan for 800,000 shares, representing 23.29% of its issued share capital, under the authorization approved on March 28, 2023.
VAISALA OYJ 
