Ramirent to start repurchase of its own shares Ram
Post# of 301275
Ramirent Plc Stock exchange release May 9, 2018 at 9:05
The Board of Directors of Ramirent Plc has based on the authorisation by the Annual General Meeting held on March 15, 2018 decided on the repurchase of up to 600,000 of Ramirent's own shares, corresponding to 0.55% of the total number of Ramirent shares, which is 108,697,328. The share repurchases will commence on May 14, 2018 at the earliest.
The repurchase of the shares will be executed in accordance with the terms of the authorisation by the Annual General Meeting. The shares will be repurchased using the Company's unrestricted equity through public trading on Nasdaq Helsinki. The price for the shares will be based on the price prevailing on the market on the day of the repurchase in public trading.
Repurchased shares are intended to be used as part of the company's incentive program, as consideration in possible acquisitions or in other arrangements that are part of the Company's business.
The Board of Directors is authorized to decide on the repurchase of a maximum of 10,869,732 of Ramirent's own shares. The share repurchase authorization shall be valid until the end of the next Annual General Meeting.
FURTHER INFORMATION:
Pierre Brorsson, CFO, tel. +46 8 624 9541
DISTRIBUTION:
NASDAQ Helsinki
The main media
www.ramirent.com
RAMIRENT is a leading rental equipment group combining the best equipment, services and know-how into rental solutions that simplify customer's business. Ramirent serves a broad range of customer sectors including construction, industry, services, the public sector and households. In 2017, Ramirent Group sales totaled EUR 724 million. The Group has 2,800 employees in 290 customer centers in 10 countries in northern and eastern Europe. Ramirent is listed on the NASDAQ Helsinki (RMR1V). Ramirent - More than machines®.
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