Alma Media begins buyback of its own shares for share-based incentive scheme
Alma Media Corporation Stock exchange release 10 April 2025 at 3.15 p.m.
ALMA MEDIA BEGINS BUYBACK OF ITS OWN SHARES FOR SHARE-BASED INCENTIVE SCHEME
Alma Media Corporation's Board of Directors has decided to use the buyback authorisation of Alma Media's shares granted by the Annual General Meeting on 10 April 2025. The buyback programme will be initiated at the earliest on 28 April 2025 and terminated once all the shares have been purchased. The number of shares to be acquired is a maximum of 200,000 shares, which represents approximately 0.2 per cent of all Alma Media shares. The acquired shares will be used to implement the company's share-based incentive programme.
The company's own shares shall be acquired using the company's non-restricted shareholders' equity at the market price valid at the time of purchase of the shares through trading in a regulated market arranged by NASDAQ Helsinki Oy, and the shares are purchased otherwise than in proportion to shareholders' current holdings. The shares are acquired and paid for according to the rules and instructions of NASDAQ Helsinki Oy and Euroclear Finland Ltd.
The AGM of 10 April 2025 authorised the Board of Directors to decide on the repurchase of a maximum of 824,000 shares in one or more lots. The maximum authorised number of shares represents approximately one (1) per cent of the company's entire share capital. Shares can be purchased for the purpose of improving the company's capital structure, financing or carrying out corporate acquisitions or other arrangements, implementing incentive schemes for the management or key employees or to be otherwise transferred or cancelled. The authorisation is valid until the following AGM, but not later than 30 June 2026.
The total registered number of shares in Alma Media is 82,383,182. At the moment, Alma Media has 32,976 own shares.
For more information, please contact: Mikko Korttila, General Counsel, Alma Media Corporation, tel. +358 50 593 4589.
ALMA MEDIA CORPORATION
Elina Kukkonen
SVP, Communications
DISTRIBUTION: NASDAQ Helsinki, key media, www.almamedia.fi