Lehto Group Plc will start to repurchase the company’s own shares

Lehto Group Plc
Stock exchange release
13 March 2023 at 12.00 a.m. (Finnish time)
 

Lehto Group Plc’s (”Lehto” or the “Company”) Board of Directors has decided on the basis of the authorisation granted by the Annual General Meeting of shareholders held on 2 May 2022 to commence repurchasing the Company’s own shares. The shares shall be repurchased to meet the Company's obligations under the share-based incentive plans.

The share repurchases shall start on 13 March 2023, at the earliest, and end by 31 March 2023, at the latest. The maximum number of shares to be repurchased is 110,000 in total, corresponding to approximately 0.13% of the total number of Lehto’s shares.

The shares will be acquired with the Company's non-restricted equity. The shares shall be acquired through public trading on Nasdaq Helsinki exchange otherwise than in proportion to the share ownership of the shareholders at the market price prevailing at the time of purchase.

Lehto's Board of Directors is authorized by the Annual General Meeting held on 2 May 2023 to acquire a maximum of 8,733,000 shares. The authorization is valid until 30 June 2023.

The total number of the Company's shares is 87,339,410 of which the Company hold 28,123 treasury shares.

Further information:

Veli-Pekka Paloranta
Chief Financial Officer
[email protected]
Tel. +358 400 944 074