Share capital and treasury shares
Valmet has one series of shares in which each share carries one vote. Valmet's share capital history is presented below.
Share capital
| Number of shares | Share capital | ||
| 2020 |
No changes. |
149,864,619 | EUR 100 million |
| 2019 |
No changes. |
149,864,619 | EUR 100 million |
| 2018 |
No changes. |
149,864,619 | EUR 100 million |
| 2017 |
No changes. |
149,864,619 | EUR 100 million |
| 2016 |
No changes. |
149,864,619 | EUR 100 million |
| 2015 |
No changes. |
149,864,619 | EUR 100 million |
| 2014 |
No changes. |
149,864,619 | EUR 100 million |
|
Commencement of trading of Valmet share on January 2, 2014 |
149,864,619 | EUR 100 million |
Valmet Oyj's treasury shares
Valmet currently holds 391,268 own shares.
| Date | Action | Treasury shares after the action |
|
March 15, 2021 |
In a directed share issue, a total of 82,375 Valmet’s treasury shares have been conveyed without consideration to the participants of the long-term incentive plan for the discretionary period 2020, in accordance with the terms and conditions of the plan. |
391,268 shares |
|
February 2021 |
Valmet repurchased 100,000 own shares. The average price for purchased shares was EUR 27.5493 per share. The total price for the purchases was EUR 2,754,930. |
473,643 |
|
December 10, 2020 |
On December 10, 2020 a total of 3,215 Valmet shares have been returned free of consideration to Valmet Oyj according to the terms and conditions of the long-term incentive plan 2018-2020. Originally, the shares were transferred to the participants after the 2018 and 2019 performance periods of the plan. |
373,643 |
|
October 21, 2020 |
On October 21, 2020 a total of 154 Valmet shares have been returned free of consideration to Valmet Oyj according to the terms and conditions of the long-term incentive plan 2018-2020. Originally, the shares were transferred to the participants after the 2018 performance period of the plan. |
370,428 shares |
|
June 26, 2020 |
On June 25 and 26, 2020 a total of 4,681 Valmet shares have been returned free of consideration to Valmet Oyj according to the terms and conditions of the long-term incentive plan 2018-2020. Originally, the shares were transferred to the participants after the 2018 and 2019 performance periods of the plan. |
370,274 shares |
|
March 16, 2020 |
In a directed share issue, a total of 152,122 Valmet’s treasury shares have been conveyed without consideration to the participants of the long-term incentive plan for the discretionary period 2019, in accordance with the terms and conditions of the plan. |
365,593 shares |
|
February 28, 2020 |
A total of 1,619 Valmet shares have been returned free of consideration to Valmet Oyj according to the terms and conditions of the long-term incentive plan 2018-2020 |
517,715 shares |
|
February 2020 |
Valmet repurchased 270,000 own shares. The average price for purchased shares was EUR 23.9020 per share. The total price for the purchases was EUR 6,453,541. |
516,096 shares |
|
November 7, 2019 |
A total of 472 Valmet shares have been returned free of consideration to Valmet Oyj according to the terms and conditions of the long-term incentive plan 2018-2020. |
246,096 shares |
|
August 22, 2019 |
A total of 389 Valmet shares were returned free of consideration to Valmet Oyj according to the terms and conditions of the long-term incentive plan 2018-2020. |
245,624 shares |
|
May 24, 2019 |
A total of 1,208 Valmet shares were returned free of consideration to Valmet Oyj according to the terms and conditions of the long-term incentive plan 2015-2017. |
245,235 shares |
|
March 15, 2019 |
In the share issue a total of 200,707 Valmet's treasury shares have been conveyed without consideration to the participants of the long-term share-based incentive plan for the discretionary period 2018, in accordance with the terms and conditions of the plan. |
244,027 shares |
|
March 15, 2019 |
A total of 2,428 Valmet shares were returned free of consideration to Valmet Oyj according to the terms and conditions of the long-term incentive plan 2015-2017. |
444,734 shares |
|
February 2019 |
Valmet repurchased 194 600 own shares. The average price for purchased shares was EUR 21.4157 per share. The total price for the purchase was EUR 4,167,503. |
442,306 shares |
|
January 17, 2019 |
A total of 907 Valmet shares were returned free of consideration to Valmet Oyj according to the terms and conditions of Long-term incentive plan 2015-2017. Originally, the shares were transferred to the participants after the 2017 performance period of the plan. |
247,706 shares |
|
February 2018 |
Valmet repurchased 246,400 own shares. The average price for purchased shares was EUR 17.3788 per share. The total price for the purchase was EUR 4,289,078. |
246,799 shares |
|
April 30, 2014 |
Valmet conveyed a total of 13,911 Valmet shares held by the company to 25 key Valmet employees included in the group’s share-based incentive program 2011–2013.
|
399 shares |
| April 2, 2014 |
Valmet repurchased 14,310 own shares. The average price for purchased shares was EUR 7.5880 per share. The total price for the purchase was EUR 108,584.28.
|
14,310 shares |
Treasury shares and Board authorizations
Valmet Oyj’s Annual General Meeting on June 16, 2020 authorized Valmet’s Board of Directors to decide on the repurchase of the Company's own shares in one or several tranches. The maximum number of shares to be repurchased shall be 5,000,000 shares, which corresponds to approximately 3.3 percent of all the shares in the Company. The Company's own shares may be repurchased otherwise than in proportion to the shareholdings of the shareholders (directed repurchase). The Company's own shares may be repurchased using the unrestricted equity of the Company at a price formed on a regulated market on the stock exchange main list maintained by Nasdaq Helsinki Ltd on the date of the repurchase.
The Company's own shares may be repurchased for reasons of developing the Company's capital structure, financing or carrying out acquisitions, investments or other business transactions, or for the shares to be used in an incentive scheme, however so that a maximum of 500,000 shares may be repurchased to be used in an incentive scheme, which corresponds to approximately 0.3 percent of all the shares in the Company.
The Board of Directors decides on all other terms related to the repurchasing of the Company's own shares.
Valmet Oyj’s Annual General Meeting authorized Valmet’s Board of Directors to decide on the issuance of shares as well as the issuance of special rights entitling to shares pursuant to Chapter 10(1) of the Finnish Limited Liability Companies Act in one or several tranches. The issuance of shares may be carried out by offering new shares or by transferring treasury shares held by Valmet Oyj. Based on this authorization, the Board of Directors may also decide on a directed share issue in deviation from the shareholders’ pre-emptive rights and on the granting of special rights subject to the conditions mentioned in the Finnish Limited Liability Companies Act.
Based on this authorization, a maximum number of 15,000,000 shares may be issued, which corresponds to approximately 10.0 percent of all the shares in Valmet Oyj. The new shares and treasury shares may be issued for consideration or without consideration.
The Board of Directors may decide on all other terms of the issuance of shares and special rights entitling to shares pursuant to Chapter 10(1) of the Finnish Limited Liability Companies Act. The Board of Directors may use this authorization, for example, for reasons of developing the Company’s capital structure, in financing or carrying out acquisitions, investments or other business transactions, or for the shares to be used in incentive schemes, however so that the Board of Directors may issue a maximum of 500,000 shares to be used in incentive schemes, which corresponds to approximately 0.3 percent of all the shares in the Company.
The authorizations shall remain in force until the close of the next Annual General Meeting, and they cancel the authorizations granted in the Annual General Meeting of March 21, 2019.