Tikkurila to acquire its own shares for implementing the share-based commitment and incentive plan

Tikkurila Oyj
Stock Exchange Release
May 8, 2014 at 09:05 a.m. (CET+1)

The Board of Directors of Tikkurila Oyj has decided to exercise the authorization granted by the Annual General Meeting on March 25, 2014, to repurchase the company's own shares.

The amount of shares to be repurchased shall be 100,000 shares to be acquired with assets pertaining to the company's unrestricted equity in one or more tranches. The repurchases will start on May 15, 2014, at the earliest and they will continue until further notice. The amount of repurchases corresponds to approximately 0.23 percent of all the shares in the company.  

The repurchases of the shares will be executed in accordance with the terms of the authorization granted by Annual General Meeting. According to the authorization shares will be repurchased through public trading, due to which the repurchase will take place in directed manner, i.e. not in proportion to the shareholdings of the shareholders. The shares will be repurchased in public trading on the Nasdaq OMX Helsinki Ltd at the market price quoted at the time of the repurchase. The shares will be purchased and paid in accordance with the rules of NASDAQ OMX Helsinki Ltd and Euroclear Finland Ltd.

The repurchased shares will be used primarily for implementing the share-based commitment and incentive plan of the company, or for other purposes defined in the authorization of the Annual General Meeting.

Tikkurila Oyj
Board of Directors

For further information, please contact:

Tikkurila Oyj
Jukka Havia, CFO, mobile +358 50 355 3757, jukka.havia@tikkurila.com

For 150 years already, Tikkurila has provided consumers and professionals with user-friendly and sustainable solutions for surface protection and decoration. Tikkurila wants to be the leading paint company in the Nordic area as well as in Russia and other selected Eastern European countries. - Tikkurila inspires you to color your life.

www.tikkurilagroup.com