Helsinki, Finland, 2014-10-27 09:00 CET (GLOBE NEWSWIRE) --
Lassila & Tikanoja plc Stock exchange release 27 October 2014 10.00 am
Lassila & Tikanoja plc to start repurchase of own shares
The Board of Directors of Lassila & Tikanoja plc has resolved to exercise the authorisation by the Annual General Meeting on 19 March 2014 to repurchase a maximum of 150,000 of the company's own shares, which corresponds to 0.4% of the total number of issued shares. The repurchase of own shares will start on 1 November 2014 at the earliest.
The repurchased shares will be used for the company's near-term incentive programs.
Shares will be repurchased otherwise than in proportion to the existing shareholdings of the company’s shareholders using the company’s unrestricted equity in public trading on Nasdaq Helsinki at the market price quoted at the time of the repurchase.
The current total number of own shares held by Lassila & Tikanoja plc is 51,409.
LASSILA & TIKANOJA PLC
Pekka Ojanpää
President and CEO
For additional information, please contact
Timo Leinonen, CFO, tel. +358 400 793 073.
Lassila & Tikanoja is a service company that is transforming the consumer society into an efficient recycling society. In co-operation with our customers we are reducing waste volumes, extending the useful lives of properties, recovering materials and decreasing the use of raw materials and energy. We help our customers to focus on their core business and to save the environment. Together, we create well-being and jobs. With operations in Finland, Sweden and Russia, L&T employs 8,000 persons. Net sales in 2013 amounted to EUR 668.2 million. L&T is listed on Nasdaq Helsinki.
Distribution:
Nasdaq Helsinki
Major media
www.lassila-tikanoja.com