Valmet announced on December 20, 2023, that the Board of Directors of Valmet has decided to use the authorization granted by the Annual General Meeting held on March 22, 2023, to repurchase the Company’s own shares. Based on the authorization, the Board has decided to initiate a fixed-term share buy-back program for the purpose of acquiring the Company’s own shares to meet part of the obligations arising from its share-based long-term incentive plans (LTI Plans) and the Restricted Pool incentive.
The share acquisitions will begin today, February 12, 2024, and will end at the latest on March 1, 2024. The maximum number of shares to be acquired is 100,000. The shares will be acquired at market price in public trading on Nasdaq Helsinki Ltd.
Before the start of these share acquisitions, Valmet owns a total of 368,500 treasury shares, which corresponds to approximately 0.2 percent of the total number of shares in Valmet.