Wartsila Completes the Repurchases of Own Shares

Source: www.gulfoilandgas.com 5/6/2021, Location: Europe

As communicated on 22 April 2021, the Board of Directors of Wartsila Corporation decided to use the authorization given by the Annual General Meeting held on 4 March 2021 to repurchase the company’s own shares.

The repurchases started on 27 April 2021 and ended on 5 May 2021. During this period, Wartsila repurchased 1,700,000 shares for an average price of EUR 10.8007 per share, corresponding to approximately 0.29% of the total number of the company’s shares, which is 591,723,390.

The repurchased shares are to be used for pay-outs under the share-based incentive programmes of Wartsila Corporation. The shares were repurchased through public trading on Nasdaq Helsinki at the market price prevailing at the time of repurchase.

Following the repurchases, the company holds a total of 1,700,000 shares.


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