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Cargotec to start share repurchases

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