Ahlstrom-Munksjö to repurchase own shares
AHLSTROM-MUNKSJÖ OYJ STOCK EXCHANGE RELEASE FEBRUARY 13, 2020 at 10:00 a.m. EET
The Board of Directors of Ahlstrom-Munksjö Oyj has decided to utilize the current authorization given by the Annual General Meeting (AGM) held on March 27, 2019 to repurchase own shares. The authorization, to acquire a maximum of 11,500,000 of the company's own shares, is valid until the end of the AGM 2020 to be held on March 25, 2020.
The repurchases will start at the earliest on February 18, 2020 and end on March 24, 2020 at the latest. The amount of shares to be acquired shall not exceed 300,000 shares, corresponding to about 0.3 per cent of the total number of shares and votes.
The repurchased shares will be used for implementing future share-based incentive programs of the company. The shares shall be acquired through public trading on Nasdaq Helsinki at the market price prevailing at the time of repurchase.
The company currently owns 364 862 own shares.
For further information, please contact:
Juho Erkheikki, Investor Relations Manager, tel. +358 50 413 45 83, juho.erkheikki@ahlstrom-munksjo.com
Ahlstrom-Munksjö in brief
Ahlstrom-Munksjö is a global leader in fiber-based materials, supplying innovative and sustainable solutions to its customers. Our mission is to expand the role of fiber-based solutions for sustainable everyday life. Our offering include filter materials, release liners, food and beverage processing materials, decor papers, abrasive and tape backings, electrotechnical paper, glass fiber materials, medical fiber materials and solutions for diagnostics as well as a range of specialty papers for industrial and consumer end-uses. Our annual net sales is about EUR 3 billion and we employ some 8,000 people. The Ahlstrom-Munksjö share is listed on the Nasdaq Helsinki and Stockholm. Read more at www.ahlstrom-munksjo.com