Bittium Oyj logo

BITTI - Bittium Oyj News Story

€6.65 -0.1  -1.3%

Last Trade - 10/05/21

Sector
Technology
Size
Small Cap
Market Cap £209.5m
Enterprise Value £207.6m
Revenue £68.2m
Position in Universe 704th / 1838

BRIEF-Bittium plans repurchase programme of about EUR 595 mln

Mon 24th August, 2015 6:00am
Aug 24 (Reuters) - Bittium Oyj  BITTI.HE : 
    * Bittium Corporation is planning to repurchase its own shares and stock options for a total 
purchase price of approximately 595 million euros ($681.5 million) in a voluntary public tender 
offer directed to all shareholders and holders of stock options 2008C of the Company 
    * The Offer would be made for a maximum of 124,747,351 shares, corresponding approximately 
to 94.1 per cent of all the shares in the Company on the date of this release 
    * Says offer would also be made for a maximum of 252,648 stock options 
    * The price offered for the Stock Options is the Offer Price subtracted with the share 
subscription price of the Stock Option, which was 0.55 per euros share on Aug. 20, 2015 
    * In the Offer, the seven largest shareholders and a certain major shareholder of Bittium 
have, as described in detail in the following, undertaken to offer for repurchase at least 70 
percent of the share s each of them owns, in the aggregate 43,949,571 Bittium shares, 
corresponding approximately to 33,2 percent of all the shares and votes in Bittium 
 
Source text for Eikon:  ID:nHUG9nGDG4  
    
Further company coverage:  BITTI.HE  
 
($1 = 0.8731 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48586983920;))
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