The Board of Directors of Metsä Board Corporation has today decided to launch a share buyback of 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 the shares in the company. The shares will be acquired for use as part of the company's share-based incentive system and to prepare for the remuneration of the Board. The aggregate amount to be used for the acquisition of own shares shall not exceed EUR 11,000,000.
The shares are acquired in one or more lots in trading organised by NASDAQ Helsinki Oy on the regulated market at the market price valid at the time of acquisition. The shares shall be acquired and paid for in accordance with the rules of NASDAQ Helsinki Oy and Euroclear Finland Oy.
The acquisition of own shares will commence on 28 October 2022 at the earliest and will end when the necessary shares have been acquired, and in any case no later than 31 December 2022.
The Annual General Meeting on 24 March 2022 authorised the Board of Directors of Metsä Board Corporation to decide on the acquisition of at maximum 1,000,000 company’s own B shares with free equity of the company’s. The amount corresponds to approximately 0.3% of all Metsä Board’s shares. Own shares can be acquired based on the authorisation only with free capital. Own share can be acquired to pay the Board's fees or for use in the company's incentive systems. The authorisation is effective until 30 June 2023.
The company has 32,802,175 A shares and 322,10,571 B shares. The company does not currently hold any own shares.
METSÄ BOARD CORPORATION