Metso Outotec Board of Directors have begun repurchasing the company’s own shares as part of share-based incentive plans.
Metso Outotec Board of Directors got the the green light at the company’s 2022 Annual General Meeting to repurchase the company’s own shares.
The General Meeting was held in April 2022 and authorised the Board of Directors to decide on the repurchase of a maximum of 82,000,000 of the company’s own shares.
Metso Outotec has a total of 828,972,440 shares. The company currently owns 300,505 of those shares.
The maximum number of shares to be repurchased is 3,036,000 and the maximum amount to be used for the repurchase is EUR 30 million ($43,578 million).
The shares will be repurchased to be used as a part of the Metso Outotec’s share-based incentive plans.
The shares will be repurchased in public trading on Nasdaq Helsinki in one or several instalments at the market price at the time of the purchase.
The share repurchases started on 9 August 2022 and is set to end by 31 March 2023 at the earliest.
Visit mogroup.com for more information.
