Kesko to start acquisition of own B shares

KESKO CORPORATION STOCK EXCHANGE RELEASE 04.02.2014 AT 9.25 1(1) Kesko to start acquisition of own B shares Kesko Corporation's Annual General Meeting held on 8 April 2013 authorised the company's Board to acquire the company's own B shares. By virtue of the authorisation, the Board has decided to start the acquisition. Based on the Board's decision, a total maximum of 500,000 own B shares can be acquired...

KESKO CORPORATION STOCK EXCHANGE RELEASE 04.02.2014 AT 9.25 1(1)

 

Kesko to start acquisition of own B shares

 

Kesko Corporation's Annual General Meeting held on 8 April 2013 authorised the company's Board to acquire the company's own B shares. By virtue of the authorisation, the Board has decided to start the acquisition.

 

Based on the Board's decision, a total maximum of 500,000 own B shares can be acquired. As of 31 December 2013, Kesko held a total of 548,984 own shares in treasury.

 

Own B shares shall be acquired with the company's unrestricted equity, not in proportion to shares held by shareholders, and at the market price quoted in regulated market organised by NASDAQ OMX Helsinki Ltd ("stock exchange") on the date of acquisition. The shares shall be acquired and paid in accordance with the rules of the stock exchange. The shares acquired will be used primarily for implementing the company's incentive scheme.

 

Further information is available from Jukka Erlund, Senior Vice President, Chief Financial Officer, tel. +358 105 322 113.

 

 

Kesko Corporation

 

 

 

Merja Haverinen
Vice President, Group Communications

 

 

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