HELSINKI, March 20, 2020 /PRNewswire/ -- Kamux supplements
the stock exchange release published on 28
February 2020 at 8:45 am EET
with regard to the maximum pecuniary amount allocated to the
repurchase of the own shares.
The supplemented information is presented below:
The maximum pecuniary amount to be used for the repurchase is
EUR 600,000.
The original stock exchange release with the supplement is
included below:
Kamux will start to repurchase the company's own shares
The Board of Directors of Kamux Corporation has decided to
commence repurchasing the company's own shares for execution of the
company's share-based incentive scheme on the basis of the
authorization given by the Annual General Meeting held on
April 12, 2019. The maximum number of
shares to be acquired is 82,360 corresponding to approximately 0.2
% of the total number of shares. The maximum pecuniary amount to be
used for the repurchase is EUR
600,000.
The shares shall be acquired through public trading on the
Nasdaq Helsinki exchange otherwise than in proportion to the share
ownership of the shareholders at the market price prevailing at the
time of purchase. The share repurchases shall start on March 2, 2020 at the earliest, and end on
March 31, 2020, at the latest.
The Annual General Meeting held on April
12, 2019 authorized the Board of Directors to decide on the
repurchase of a maximum of 2,000,000 company's own shares using the
unrestricted equity of the company for execution of the Company's
share-based incentive schemes or for other purposes determined by
the Board of Directors.
The total number of shares in Kamux Corporation is 40,017,420.
Kamux Corporation owns 2,323 own shares.
Kamux Corporation
Kamux Corporation is a retail chain specializing in the sale of
used cars and related integrated services that has grown rapidly.
Kamux combines online shopping with an extensive showroom network
to provide a great customer experience anytime, anywhere. In
addition to digital channels, the company has total of 72 car
showrooms in Finland, Sweden and Germany. Since its founding, the company has
sold more than 250,000 used cars, 55,432 of which were sold in
2019. Kamux's revenue reached EUR 658.5
million in 2019. In 2019, Kamux's average number of
employees was 595 in terms of full-time equivalent employees. The
shares of Kamux are listed on the Nasdaq Helsinki stock
exchange.
www.kamux.com
For more information:
Juha Kalliokoski
CEO
Tel. +358-50-544-5538
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