Share Purchase Update for Cargotec Corporation in August 2024
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Cargotec Corporation: Share Repurchase Update
Cargotec Corporation has recently provided an update regarding share repurchases conducted on a specified date, demonstrating its ongoing commitment to optimizing shareholder value through strategic market actions.
Details of the Share Repurchase on 19 August 2024
The share repurchase took place in the Helsinki Stock Exchange. The specifics of the transaction are outlined below:
Trade Information
- Trade Date: 19 August 2024
- Type of Trade: Buy
- Share Identifiers: CGCBV
- Total Shares Acquired: 7,000
- Average Price per Share: 45.8574 EUR
- Total Cost of Repurchase: 321,001.80 EUR
Total Shares Held by Cargotec Corporation
Post-repurchase, Cargotec Corporation now holds a total of 458,050 shares, which includes those acquired in this recent transaction. This move is a part of Cargotec's broader strategy to manage its capital effectively while returning value to shareholders.
About Cargotec Corporation
Cargotec Corporation, traded on Nasdaq Helsinki under the ticker CGCBV, focuses on creating smarter cargo flow for a better everyday environment with comprehensive cargo handling solutions and services. The company’s business segments include Hiab and MacGregor. Hiab is renowned for its innovative, sustainable on-road load-handling solutions and aims for the best customer experience. MacGregor stands out in the maritime industry for its sustainable cargo and load handling solutions, backed by a robust product portfolio.
In 2023, Cargotec's total sales reached approximately EUR 2.5 billion, underscoring its significance in the market. The company employs over 6,000 personnel dedicated to enhancing operational efficiencies for its clients. For further inquiries, please contact:
Aki Vesikallio
Vice President, Investor Relations
Tel: +358 40 729 1670
Frequently Asked Questions
1. What was the total number of shares repurchased by Cargotec Corporation?
Cargotec Corporation repurchased a total of 7,000 shares on the specified date.
2. What is the average price per share for the repurchase?
The average price per share during the repurchase was 45.8574 EUR.
3. What is the total cost of the shares repurchased?
The total cost of the shares repurchased amounted to 321,001.80 EUR.
4. How many shares does Cargotec Corporation currently hold?
Cargotec Corporation currently holds a total of 458,050 shares after the recent repurchase.
5. Who can be contacted for more information regarding this share repurchase?
Aki Vesikallio, Vice President of Investor Relations, can be contacted for further information at +358 40 729 1670.
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