Cargotec Corporation Provides Details on Share Repurchase
![Cargotec Corporation Provides Details on Share Repurchase](https://investorshangout.com/images/blog/ihnews-Cargotec%20Corporation%20Provides%20Details%20on%20Share%20Repurchase.jpg)
Cargotec Corporation Share Repurchase
Cargotec Corporation has announced details regarding a recent share repurchase. The transaction was executed on the Helsinki Stock Exchange, reflecting the company's strategic plans for managing its shares. Cargotec, well-known for its innovative cargo handling solutions, continues to strengthen its market position.
Transaction Overview
The share repurchase took place on August 29, 2024, as part of Cargotec's ongoing repurchase program. The company acquired a total of 9,000 shares under this initiative. The average purchase price for each share was approximately 47.1904 EUR, culminating in a total expenditure of 424,713.60 EUR.
Details of the Repurchase
Cargotec's repurchase involved the following specifics:
- Trade Date: August 29, 2024
- Bourse Trade: Buy
- Share Code: CGCBV
- Amount: 9,000 Shares
- Average Price/Share: 47.1904 EUR
- Total Cost: 424,713.60 EUR
Total Shareholding
Following the recent transaction, Cargotec Corporation now holds a total of 542,050 shares. This total reflects an inclusive count that accounts for the shares repurchased during the latest trading session.
Company Overview
Cargotec Corporation operates primarily through its businesses Hiab and MacGregor, which focus on providing advanced cargo flow solutions. Hiab specializes in sustainable on-road load handling, while MacGregor leads in maritime cargo handling solutions. Together, these divisions work towards enhancing efficiency in cargo management.
Performance Highlights
In 2023, Cargotec reported sales of approximately 2.5 billion EUR, showcasing its profitability and resilience in a competitive market. The company prides itself on its dedicated workforce, which comprises over 6,000 employees committed to delivering exemplary service and innovation in cargo handling.
Contact Information
For further inquiries, please contact:
Aki Vesikallio
Vice President, Investor Relations
Phone: +358 40 729 1670
Frequently Asked Questions
What was the total number of shares repurchased by Cargotec?
Cargotec repurchased a total of 9,000 shares in the recent transaction.
What is the average purchase price of the repurchased shares?
The average purchase price of the shares was approximately 47.1904 EUR each.
How much did Cargotec spend on the share repurchase?
The total expenditure for the share repurchase was 424,713.60 EUR.
What is the current total shareholding of Cargotec post-repurchase?
After the share repurchase, Cargotec's total shareholding stands at 542,050 shares.
Who can be contacted for more information regarding Cargotec's share activities?
For more details, Aki Vesikallio, Vice President of Investor Relations, can be contacted at +358 40 729 1670.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Related Articles
- Airship AI Secures $8 Million in Public Offering
- TSMC Stock: Insights on Recent Analyst Opinions
- Shell Implements Workforce Reductions for Improved Efficiency
- Metagenomi Showcases AI Innovations in Gene Editing
- Emergent BioSolutions Approved ACAM2000® for Mpox
- Dell Technologies Reports Strong AI-Driven Growth
- Clip Money Inc. Reports Impressive Q2 2024 Financial Results
- LNG Energy Group Announces Strong Q2 2024 Results
- Aircraft Survivability Equipment Market to Reach $9.3 Billion
- Electric Submersible Pumps Market to Reach USD 29.9 Billion
- BEN Partners with INTERVENT and Members Only Health for AI in Healthcare
- Hudbay Receives Key Aquifer Protection Permit for Copper World
- InterCure Reports Strong Financial Performance in 2024
- Evolution Petroleum Announces Earnings Release and Call Details
- Cerro Grande Mining Corporation Reports Q3 2024 Financial Results
- ARCpoint Conference Call for Q2 2024 Financial Results
- AIP Realty Trust Reports Second Quarter 2024 Financial Results
- Jura Energy Corporation Releases Interim Financial Statements
- Koss Corporation Reports Fiscal Q4 and Year-End Results
- Curt Calaway Appointed CFO at Tyson Foods, Inc.
- Planet Green Welcomes Dr. Raymond Goldie to Advisory Board
- ROHM's 4th Generation SiC MOSFETs Enhance ZEEKR EV Models
- Stran & Company Responds to Nasdaq Notification on Filing Delay
- Petrus Resources Shares Monthly Activity Update
- Ulta Beauty Faces Challenges Amid Market Competition
Recent Articles
- Shell Implements Workforce Reductions for Improved Efficiency
- Hudbay Receives Key Aquifer Protection Permit for Copper World
- Artiva Biotherapeutics' Q2 2024 Highlights and Results
- Understanding Retirement with $2.5 Million Savings
- Survey Reveals Binance and Coinbase as Top Crypto Exchanges
- Exploring the Growth of the Video Analytics Market
- Nokia Corporation Highlights Recent Manager Transactions
- Investment Insights into Roblox and Palantir Technologies
- Banxa Partners with Zero Hash to Enhance Bitcoin Access
- AnaptysBio to Attend Key Investor Conferences in September
- Scilex Gains FDA Approval for GLOPERBA's Precision Dosing
- Inozyme Pharma Set to Participate in Healthcare Conference
- Global Industrial Counterweight Market Growth Insights
- Kvika Bank hf. Welcomes New Board Member Sigurgeir Guðlaugsson
- iRhythm Technologies Expands Cardiac Monitoring in Europe
- Exploring the Exclusive Amex Centurion Card Benefits
- Unstoppable Stocks: Costco and Adobe Set for Growth
- Global Healthcare Cleanroom Consumables Market Growth
- Oculis to Present at Key Investor Conferences in September
- ICG Enterprise Trust plc Reports on Latest Share Repurchase Program
- Nvidia Delivers Strong Q2 Earnings Amidst Market Expectations
- Aircraft Rescue and Firefighting Vehicles Market Growth
- Southwestern Law School Partners to Enhance Legal Training
- Market Updates: Technology Stocks Struggle Amid Earnings Reports
- Nvidia's Revenue Forecast: Key Insights and Market Reaction