Valmet Launches Share Buy-Back Program for Incentive Plans
Valmet Begins Share Buy-Back Program to Support Incentives
Valmet Oyj has taken a proactive step to enhance shareholder value by launching a share buy-back program. This initiative, decided upon by the company's Board of Directors, is intended to meet obligations arising from its long-term share-based incentive plans.
Announcement of the Program
On a recent date, Valmet proudly declared its intentions to use the authorization granted at its Annual General Meeting. The buy-back program will allow the company to acquire its own shares, a decision reflecting Valmet's commitment to its workforce while simultaneously aiming to bolster its shares in the market.
Program Details and Timeline
The buy-back activities are set to commence today and will conclude no later than early March of the same year. During this period, Valmet aims to acquire a maximum of 115,000 shares, which will be purchased at market price through public trading on Nasdaq Helsinki Ltd.
Current Treasury Shares
Prior to embarking on this buy-back initiative, Valmet holds approximately 364,258 treasury shares, which represents roughly 0.20 percent of its total share ownership. This strategic approach demonstrates Valmet's strong financial position and strategic intent in managing its share capital.
The Impact of Buy-Backs on Shareholder Value
Implementing a buy-back program is often seen as a signal of confidence from a company. It indicates that Valmet believes its shares are undervalued or wishes to streamline ownership distribution. This move is expected to enhance the overall value of the remaining shares, creating a win-win situation for investors.
Contact Information
For further inquiries about the buy-back program, Valmet is making its leadership accessible for any investor questions. Interested parties can reach out to:
Reetta Antila, VP of Treasury, can be contacted via telephone at +358 50 599 3114.
Pekka Rouhiainen, VP of Investor Relations, is available at +358 10 672 0020.
About Valmet
Valmet Oyj is recognized for its extensive capabilities across various process industries. The company stands as a leading global developer and provider of process technologies, automation, and services especially tailored for the pulp, paper, and energy sectors. With over 19,000 committed professionals working closely with clients, Valmet prioritizes the continual improvement of customer performance.
Furthermore, Valmet boasts an impressive 225 years of industrious history, marked by consistent growth and innovation. The financial performance of the company reflects its robust strategies, with net sales reported at approximately EUR 5.4 billion.
Stock Market Presence
Valmet's shares are publicly traded on the Nasdaq Helsinki exchange, allowing investors to participate in the company's growth journey. Its headquarters remains in Espoo, Finland, symbolizing a strong regional presence in the global market.
Frequently Asked Questions
What is the purpose of Valmet's buy-back program?
The buy-back program aims to fulfill obligations related to long-term share-based incentive plans and enhance shareholder value.
How many shares will Valmet acquire?
Valmet plans to acquire a maximum of 115,000 shares during the program period.
When will the buy-back program take place?
The share acquisitions will begin immediately and end by early March of the same year.
Who can I contact for more information about the buy-back?
For inquiries, you can reach Reetta Antila or Pekka Rouhiainen via the provided contact numbers.
What is Valmet known for?
Valmet is a leading provider of process technologies and services for industries such as pulp, paper, and energy, with a significant global presence.
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