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5 February 2014, 00:00
Cargotec's Board of Directors has decided to exercise the authorisation of the Annual General Meeting on 20 March 2013 to repurchase the company's own shares. The repurchases will start on 5 February 2014 at the earliest.
According to the authorisation, the maximum amount of shares to be acquired can be 6,400,000 shares, of which a maximum of 952,000 class A shares and 5,448,000 class B shares may be repurchased.
Class B shares will be purchased at public trading on NASDAQ OMX Helsinki Ltd. at the market price. Class A shares will be purchased outside the stock exchange at the price equivalent to the average price of class B shares paid on NASDAQ OMX Helsinki Ltd. on the purchase date.
For further information, please contact:
Eeva Sipilä, Executive Vice President and CFO, tel. +358 20 777 4104
Paula Liimatta, Director, Investor Relations, tel. +358 20 777 4084
Source: Cargotec
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