Vaisala Corporation
Stock Exchange Release
April 29, 2016 at 4:15 p.m.
Vaisala to start repurchases of own shares
Vaisala Corporation's Board of Directors has resolved to commence repurchases of shares under the authorization given by the Vaisala Annual General Meeting held on April 5, 2016. The Board of Directors resolved to directed repurchase of a maximum of 200,000 of the Company's own A shares in one or more instalments with funds belonging to the Company's unrestricted equity. The repurchases will start at the earliest on May 2, 2016.
The shares shall be repurchased in a proportion other than that of the shareholders' current shareholdings in the Company in public trading arranged by NASDAQ Helsinki Ltd at the market price on the moment of repurchase (directed repurchase). The shares shall be repurchased and paid according to the rules of NASDAQ Helsinki Ltd and Euroclear Finland Ltd. Shares so purchased can be used as consideration in possible acquisitions or in other arrangements that are part of the Company's business, to finance investments, as part of the Company's incentive program, or to be retained, conveyed, or cancelled by the Company.
The authorization is valid until the closing of the next Annual General Meeting in 2017, however, no longer than October 5, 2017.
Further information
Kaarina Muurinen, CFO
gsm +358 40 577 5066
Vaisala Corporation
Distribution
NASDAQ Helsinki
Key media
www.vaisala.com
Vaisala is a global leader in environmental and industrial measurement. Building on 80 years of experience, Vaisala contributes to a better quality of life by providing a comprehensive range of innovative observation and measurement products and services for chosen weather-related and industrial markets. Headquartered in Finland, Vaisala employs approximately 1,600 professionals worldwide and is listed on the NASDAQ Helsinki stock exchange. www.vaisala.com www.twitter.com/VaisalaGroup
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Vaisala Oyj via Globenewswire
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