Cargotec Corporation: Update on Share Repurchase
Cargotec Corporation has shared an update on its recent share repurchase activity, reflecting its ongoing dedication to enhancing shareholder value through strategic market initiatives.
Share Repurchase Details for 19 August 2024
The share repurchase occurred on the Helsinki Stock Exchange. Below are the details of the transaction:
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 Owned by Cargotec Corporation
After the repurchase, Cargotec Corporation now owns a total of 458,050 shares, which includes those acquired in this latest transaction. This action is part of Cargotec's wider strategy to manage its capital effectively while providing value to its shareholders.
About Cargotec Corporation
Cargotec Corporation, listed on Nasdaq Helsinki with the ticker CGCBV, is dedicated to enhancing cargo flow for a better everyday environment through its comprehensive cargo handling solutions and services. The company's business segments include Hiab and MacGregor. Hiab is well-known for its innovative and sustainable on-road load-handling solutions, focusing on delivering the best customer experience. Meanwhile, MacGregor is recognized in the maritime sector for its sustainable cargo and load handling solutions, supported by a strong product portfolio.
In 2023, Cargotec reported total sales of approximately EUR 2.5 billion, highlighting its importance in the market. The company employs over 6,000 professionals committed to improving operational efficiencies for its clients. For any inquiries, please reach out to:
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.