Helsinki, Finland, 2015-09-02 07:05 CEST (GLOBE NEWSWIRE) --
Lassila & Tikanoja plc Stock exchange release 2 September 2015 8:05 a.m.
Lassila & Tikanoja 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 18 March 2015 to repurchase a maximum of 500,000 of the company's own shares, which corresponds to 1,3% of the total number of issued shares. The repurchase of own shares will start on 15 September 2015 at the earliest.
The purpose of the share repurchase is to develop the Company’s capital structure and/or to use the shares as consideration in potential acquisitions, other business arrangements, as part of the Company’s share-based incentive programme, or to finance investments. The repurchased shares may either be held by the Company, or cancelled or conveyed.
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 184,315.
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 2014 amounted to EUR 639.7 million. L&T is listed on Nasdaq Helsinki.
Distribution:
Nasdaq Helsinki
Major media
www.lassila-tikanoja.com