Suominen completes the repurchases of own shares
January 24 2022 - 6:00AM
Suominen completes the repurchases of own shares
Suominen Corporation's stock exchange release on
January 24, 2022 at 1:00 p.m. EET
As communicated on November 1, 2021, the Board of
Directors of Suominen Corporation decided to use the authorization
given by the Annual General Meeting held on March 25, 2021 to
repurchase the company’s own shares.
The repurchases started on November 3, 2021 and
ended on January 21, 2022. During this period, Suominen repurchased
400,000 shares for an average price of EUR 4.9796 per share,
corresponding to approximately 0.7% of the total number of the
company’s shares, which is 58,259,219.
The repurchased shares are to be used for pay-outs
under the share-based incentive programmes of Suominen Corporation.
The shares were repurchased through public trading on Nasdaq
Helsinki at the market price prevailing at the time of
repurchase.
Following the repurchases, the company holds a
total of 1,034,661 shares.
SUOMINEN CORPORATIONBoard of Directors
For additional information, please contact: Toni
Tamminen, CFO, tel. +358 (0)10 214 3051
Suominen manufactures nonwovens as roll goods
for wipes and other applications. Our vision is to be the
frontrunner for nonwovens innovation and sustainability. The end
products made of Suominen’s nonwovens are present in people’s daily
life worldwide. Suominen’s net sales in 2020 were EUR 458.9
million and we have over 700 professionals working
in Europe and in the Americas. Suominen’s shares are
listed on Nasdaq Helsinki. Read more at www.suominen.fi.
Distribution:Nasdaq HelsinkiKey
mediawww.suominen.fi
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