Brief: Bittium Starts Share Buy-Back Program

Bittium Oyj

17/05/2023 13:34

May 17 (Reuters) - Bittium Oyj  BITTI.HE :
    * BITTIUM CORPORATION LAUNCHES A SHARE BUY-BACK PROGRAM TO
MEET
OBLIGATIONS UNDER INCENTIVE ARRANGEMENTS
    * SHARES TO BE ACQUIRED UNDER PROGRAM WILL BE REPURCHASED
FROM
MARKET, WHICH MEANS THAT REPURCHASES WILL BE CARRIED OUT
OTHERWISE THAN IN PROPORTION TO EXISTING SHAREHOLDINGS OF
SHAREHOLDERS (DIRECTED REPURCHASES)
    * MAXIMUM AMOUNT OF BITTIUM SHARES THAT CAN BE REPURCHASED
UNDER
BUY-BACK PROGRAM IS 240,000 SHARES, CORRESPONDING TO
APPROXIMATELY 0.67 PERCENT OF TOTAL NUMBER OF COMPANY'S SHARES,
WHICH IS 35,702,264
    * AGGREGATE PURCHASE PRICE OF ALL BITTIUM SHARES TO BE
ACQUIRED
UNDER BUY-BACK PROGRAM SHALL HOWEVER NOT EXCEED EUR 1,000,000

Source text for Eikon:  ID:nWkr6FY3CK 
Further company coverage:  BITTI.HE 

 (Gdansk Newsroom)
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