TietoEVRY Corporation STOCK EXCHANGE RELEASE 17 February 2022 1.00 p.m. EET
The Board of Directors of TietoEVRY Corporation (“Tietoevry”) has decided to start a repurchasing programme of the company's own shares based on the authorization given by the Annual General Meeting on 25 March 2021.
The company has a weighty financial reason for the directed acquisition of its shares since the shares are acquired for purposes of share-based incentive programmes for key personnel. Purchases of shares will start on 18 February 2022 at the earliest and end on 9 March 2022 at the latest.
The maximum number of shares to be acquired is 145 000 shares. Shares shall be acquired in public trading on NASDAQ Helsinki Ltd. at the market price prevailing at the time of purchase. The acquisition of own shares shall reduce the unrestricted equity of the company.
The Board of Directors is authorized by the Annual General Meeting to decide on the repurchase of a maximum amount of 11 800 000 of the company's own shares. However, out of the above maximum amount no more than 950 000 shares may be issued as part of the company’s share-based incentive programmes.
At the moment, the total number of shares in the company is 118 425 771 and the company holds a total of 7 587 own shares.
For further information, please contact
Kjell Arne Hansen, Head of Investor Relations, tel. +47 95040372, kjell.hansen (at) tietoevry.com
Tietoevry creates purposeful technology that reinvents the world for good. We are a leading technology company with a strong Nordic heritage and global capabilities. Based on our core values of openness, trust and diversity, we work with our customers to develop digital futures where businesses, societies, and humanity thrive.
Our 24 000 experts globally specialize in cloud, data, and software, serving thousands of enterprise and public sector customers in more than 90 countries. Tietoevry’s annual turnover is approximately EUR 3 billion and the company’s shares are listed on the NASDAQ exchange in Helsinki and Stockholm, as well as on Oslo Børs. www.tietoevry.com