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

Tikkurila Oyj
Stock Exchange Release
February 10, 2015 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 2,500 shares to be acquired with assets pertaining to the company's unrestricted equity in one or more tranches. The amount of repurchases corresponds to approximately 0.006 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
CFO Jukka Havia

For further information, please contact:

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

Tikkurila is the leading paints and coatings professional in the Nordic region and Russia. With our roots in Finland, we now operate in 16 countries. Our high-quality products and extensive services ensure the best possible user experience in the market. Sustainable beauty since 1862.

www.tikkurilagroup.com