ROBIT PLC HAS COMPLETED THE REPURCHASE OF ITS OWN SHARES
15 Novembre 2023 - 1:00PM
ROBIT PLC HAS COMPLETED THE REPURCHASE OF ITS OWN SHARES
ROBIT PLC STOCK
EXCHANGE RELEASE 15
NOVEMBER 2023 AT 14.00 EET
ROBIT PLC HAS COMPLETED THE REPURCHASE OF ITS OWN
SHARES
Robit Plc has completed the repurchase of its
own shares, which started on September 20, 2023 and ended on
November 14, 2023. During this period, a total of 100,000 own
shares were repurchased for an average price of EUR 1.37576 per
share. The shares were repurchased in public trading on Nasdaq
Helsinki Ltd at the market price prevailing at the time of
purchase.
The shares were repurchased based on an
authorization given to the Board of Directors by the Annual General
Meeting on March 15, 2023 to resolve on the acquisition of a
maximum of 2,117,990 of the company’s own shares using the
company’s distributable unrestricted shareholders’ equity for the
purposes of implementing the company’s share-based incentive plans
or for other purposes decided by the Board of Directors. At its
meeting on September 18, 2023, the Board of Directors decided to
repurchase a maximum of 100,00 shares, which corresponds to
approximately 0.5 percent of the company’s currently issued
shares.
Robit Plc has 21,179,900 shares and votes.
Following the repurchase, Robit Plc holds a total of 116,308 of its
own shares, which correspond to approximately 0.6 percent of the
company’s currently issued shares.
ROBIT PLCBoard of Directors
Further information: Robit PlcArto Halonen, Group CEO +358 40
028 0717 arto.halonen@robitgroup.com
Distribution: Nasdaq Helsinki Ltd Key media
www.robitgroup.com
Robit is the specialist focused on high quality
drilling consumables for the mining and construction markets
globally to help you drill even Further. Faster. Robit strives to
be the world’s number one drilling consumables company. Through our
proven, high-quality Top Hammer, Down the Hole and Geotechnical
products and our expert services, we deliver drilling cost savings
to our customers. Robit has its own sales and service points in
seven countries and an active network of distributors through which
it sells to more than 100 countries. Robit’s manufacturing
facilities are located in Finland, South Korea, and the United
Kingdom. Robit shares are listed on Nasdaq Helsinki Ltd. More
information is available at www.robitgroup.com.
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