EAB Group Plc, Company Announcement, 30 July 2018, 11:30 a.m. (EET)
EAB Group Plc to start to acquire the company's own shares
The Board of Directors of EAB Group Plc has decided based on the authorization given by the Annual General Meeting held on 4 April 2018 and the permission given by the Finnish Financial Supervisory Authority on 29 June 2017 to establish a buyback program to acquire the Company's own B-shares for the implementation of the share-based compensation and incentive programs of the Company's management and employees, in the autumn of 2018.
The maximum number of treasury shares to be acquired is 100,000, corresponding to a maximum of 1.9% of the total number of B-shares at the time of this decision. The shares will be acquired at the market price at the time of the purchase through public trading on the Nasdaq First North Finland. The acquisition of shares will commence no earlier than 30 July 2018 after the buyback program has been published in a company announcement and will end by 4 October 2018 at the latest.
The Annual General Meeting held on 4 April 2018 authorized the Board of Directors to decide on the acquisition of a maximum of 420,000 own B-shares, in one or several instalments, with the company's unrestricted equity. The company's own shares can be acquired to develop the company's capital structure, to be used as consideration in corporate acquisitions or other company reorganizations or to finance investments and as part of the company's incentive plan.
EAB Group Plc has 7,439,143 A-shares (148,782,860 votes) and 5,404,129 B-shares (5,404,129 votes).
EAB GROUP PLC
Board of Directors
Further information:
EAB Group Plc
Daniel Pasternack, CEO
+358 50 569 3416
daniel.pasternack@eabgroup.fi
Kari Juurakko, Chairman of the Board
+358 50 582 7411
kari.juurakko@eabgroup.fi
Certified Advisor Merasco Oy
Telephone: +358 9 6129 670
EAB Group Plc is a profitable and growing investment service company offering versatile and high-quality asset management services for both consumer clients and professional investors. EAB Group Plc is listed on the First North Finland market maintained by NASDAQ Helsinki Oy (Helsinki Stock Exchanges). EAB Group Plc is the parent company of EAB Group. The Groups' customer base consists of individuals and corporations that are served nationwide in 17 different offices. The Group employs more than 100 investment professionals, and over 25 tied agents provide its services. On behalf of its clients, the Group manages assets of approximately EUR 3 billion in total. Check out EAB Group's services at www.eabgroup.fi.
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