Taaleri Oyj commences an Equity Buyback Plan for 2,000,000 shares, representing 7.05% of its issued share capital, under the authorization approved on April 13, 2023.
December 20, 2023 at 12:00 pm EST
Share
Taaleri Oyj (HLSE:TAALA) commences share repurchases on December 20, 2023, under the program mandated by the shareholders in the Annual General Meeting held on April 13, 2023. As per the mandate, the company is authorized to repurchase up to 2,000,000 shares, representing 7.05% of its issued share capital. The purpose of the program is to develop the company?s capital structure, to finance or implement corporate acquisitions, investments or other arrangements related to the company?s business operations, to be used as part of the company?s incentive scheme, or to be cancelled if justified from the point of view of the company and its shareholders. This authorization is valid for 18 months. As of March 7, 2023, the company had 28,350,620 shares in issue and 45,000 shares in treasury.
On December 19, 2023, the company announced a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 0.71% of its issued share capital, for ?1.90 million. The shares will be repurchased using the company?s unrestricted equity. The repurchases will start on December 20, 2023 at the earliest and end on April 10, 2024 at the latest.
Taaleri Oyj is a Finland-based private equity company which focuses on renewable energy and other alternative investments. The Company creates, for example, wind and solar power, biofuels and affordable rental homes. Taaleri Oyj has two business segments: Private Asset Management and Strategic Investments. Private Asset Management consists of renewable energy, real estate and bioindustry businesses. The Strategic Investments segment includes Vakuutusosakeyhtio Garantia. The Company has numerous subsidiaries, including Taaleri Paaomarahastot Oy, Taaleri Biojalostamo GP Oy, Taaleri Energia Iberia SL, Taaleri Energia North America LLC as well as Taaleri Rauman Asuntorahaston hallinnointiyhtio Oy.
Taaleri Oyj commences an Equity Buyback Plan for 2,000,000 shares, representing 7.05% of its issued share capital, under the authorization approved on April 13, 2023.
TAALERI OYJ 
