Ramirent Plc Stock Exchange Release 27 December 2018 at 16:45 EET
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 300,000 of Ramirent’s own shares, corresponding to 0.28% of the total number of Ramirent shares, which is 108,697,328. The share repurchases will commence on December 28, 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:
Jonas Söderkvist, interim CFO and EVP, Group Business Development, Ramirent Plc,
tel: +46 8 624 9502,
RAMIRENT is a leading service company offering equipment rental for construction and other industries. Our mission is to help our customers gear up on safety and efficiency by delivering great equipment and smooth service with a smile. We have 2,900 co-workers at 300 customer centers in northern and eastern Europe. In 2017, Ramirent Group sales reached a total of EUR 724 million. Ramirent is listed on NASDAQ Helsinki. Ramirent – Gear Up. Equipment rental at your service
Distribution: NASDAQ OMX Helsinki, main news media,