ROBIT PLC COMPANY RELEASE 30 NOVEMBER 2015 AT 2.00 P.M.
ROBIT PLC BUYS OWN SHARES FOR BOARD OF DIRECTORS' YEARLY COMPENSATION PAYMENT
At its meeting on 10th November 2015, the Board of Directors of Robit Plc decided to buy its own shares. A maximum of 8 000 shares will be acquired equaling approximately 0,05 percent of the total amount of the company's shares. The decision is based on the authorization given to the Board by the Annual General Meeting on 24th April 2015 to acquire a maximum of 99 450 shares. The acquisition of own shares will start on 1st December 2015 and will end on 15th December 2015 at the latest.
The shares will be used to Board of Directors' yearly compensation payment.
The shares will be acquired by using company's unrestricted equity at the prevailing market price on the NASDAQ OMX Helsinki Ltd in public trading in accordance with the NASDAQ OMX Helsinki Ltd and Euroclear's regulations and guidelines for acquisition of own shares.
ROBIT PLC
Board of Directors
Further information:
Robit Plc
Harri Sjöholm, Chairman
+358 400 622 092
Certified Advisor
Skandinaviska Enskilda Banken AB (publ) Helsinki Branch
Puh. +358 9 616 28 101
Robit develops, manufactures, supplies and services drilling consumables for applications in tunnelling, geothermal heating and cooling, construction, and mining industries. The Company's products can be divided into top hammer drilling consumables used for rock drilling and DTH (down-the-hole) drilling consumables used for ground drilling. The Company has sales companies in Finland, South Korea, the United States, Russia, South Africa and Peru as well as a sales office in China as well as distribution network with approximately 160 distributors. Robit's products are sold to over 100 countries. The Company has production in Finland and South Korea.
Distribution:
NASDAQ OMX Helsinki
Key media
www.robit.fi