Authorisation to acquire own shares
Metsä Board’s Annual General Meeting on 24 March 2022 resolved to authorise the Board to decide on the acquisition of the company’s own shares. The number of shares to be acquired based on the authorisation shall not exceed 1,000,000 B-shares, which corresponds to approximately 0.3% of all current shares. This authorisation is effective until 30 June 2023.
Acquisition of own shares
On 27 October 2022, the Board of Directors of Metsä Board decided to launch a share buyback of company’s own shares. Own shares were acquired to pay the Board's fees or for use in the company's incentive systems. Read more in stock exchange release on 27 October 2022.
The acquisition of the company’s own shares started on 28 October 2022 and ended on 11 November 2022. During this period, Metsä Board acquired 1,000,000 B shares for an average price of EUR 7,8225 per share. Read more in stock exchange release on 14 November 2022.
Shares held by the company
Metsä Board currently holds 1,000,000 of its own B-shares.