Wartsila to Start the Repurchase of Its Own Shares

Source: www.gulfoilandgas.com 4/22/2021, Location: Europe

The Board of Directors of Wartsila Corporation has decided to use the authorization given by the Annual General Meeting held on 4 March 2021 to repurchase the company’s own shares. The maximum number of shares to be repurchased in one or more instalments is 1,700,000 shares, corresponding to approximately 0.29% of the total number of the company’s shares, which is 591,723,390. The shares will be repurchased using the company’s unrestricted equity. The shares will be repurchased through public trading on Nasdaq Helsinki at the market price prevailing at the time of repurchase.

The share repurchases will commence on 26 April 2021 at the earliest and end on 17 May 2021 at the latest. The weighty financial reason for the repurchases is that they are to be used for pay-outs under the share-based incentive programmes of Wartsila Corporation.

The Board of Directors is authorized to resolve to repurchase a maximum of 57,000,000 Wartsila own shares. The authorization is valid until the close of the next Annual General Meeting, however no longer than for 18 months from 4 March 2021.


Cameroon >>  6/30/2022 - Victoria Oil & Gas Plc provides the following update in relation to its Annual Report and Accounts and trading position.

Annual Report and...

Canada >>  6/30/2022 - International Petroleum Corporation ("IPC" or the "Corporation") announces that the Swedish Financial Supervisory Authority approved the prospectus in...

Canada >>  6/30/2022 - Trillion Energy International Inc. is pleased to announce the closing of its previously announced increased best efforts marketed public offering (the...
Netherlands/Holland >>  6/30/2022 - With the help of a syndicate of 12 international relationship banks, Vopak was able to successfully extend its EUR 1 billion senior unsecured revolvin...

Norway >>  6/30/2022 - In line with the objective for the share buy-back programme which was executed by Equinor ASA in three tranches in the period 28 July 2021 until 25 Ma...
United Kingdom >>  6/30/2022 - Orcadian Energy Plc is pleased to announce that, further to its announcement of 7 a.m. (London time) today, it has successfully completed and closed t...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.