Valmet Oyj’s share buy-back programme has ended
Valmet Oyj’s share buy-back programme has ended
Valmet Oyj’s stock exchange release on February 16, 2023 at 6:35 p.m. EET
Valmet announced on December 20, 2022, that the Board of Directors of Valmet has decided to establish a fixed-term share buy-back programme to acquire Valmet’s own shares. The shares are acquired to meet part of the obligations arising from Valmet’s share-based long-term incentive plans and the restricted pool incentive.
Valmet has now completed the above referred share buy-back programme. The acquisitions of the own shares began on February 6, 2023, and ended on February 16, 2023. During that time, Valmet acquired in aggregate 125,000 of its own shares for an average price per share of EUR 31.88. The total purchase price paid for the shares was EUR 3,985,274.00. Following the acquisitions, Valmet owns a total of 469,775 of its own shares, which represents approximately 0.25 percent of all shares in Valmet.
Further information, please contact:
Reetta Antila, Vice President, Treasury, Valmet, tel. +358 50 599 3114
Pekka Rouhiainen, Vice President, Investor Relations, Valmet, tel. +358 10 672 0020
VALMET
Katri Hokkanen
CFO
Pekka Rouhiainen
Vice President, Investor Relations
DISTRIBUTION:
Nasdaq Helsinki
Major media
Valmet is a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. With our automation systems and flow control solutions, we serve an even wider base of process industries. Our 17,500 professionals around the world work close to our customers and are committed to moving our customers’ performance forward – every day.
The company has over 220 years of industrial history and a strong track record in continuous improvement and renewal. In 2022, a major milestone was achieved when the flow control company Neles was merged into Valmet. Valmet’s net sales in 2022 were approximately EUR 5.1 billion.
Valmet’s shares are listed on the Nasdaq Helsinki, and the head office is in Espoo, Finland.
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