Sanoma Corporation, Stock Exchange Release, 29 October 2015 at 18:30 CET+1
The Board of Directors of Sanoma is launching a limited share buyback programme to be used as a part of the company’s employee incentive programme. The programme is based on the authorisation granted at Sanoma’s Annual General Meeting on 8 April 2015. Pursuant to this authorisation, a maximum of 16,000,000 shares may be acquired.
According to the Board of Directors’ decision, the share buyback will commence no earlier than 30 October 2015. The maximum number of shares acquired in the buyback programme is limited to 730,000, which represents less than 0.5% of the total number of shares. The share buyback programme is effective until 31 March 2016. The shares will be acquired through public trading on the Nasdaq Helsinki exchange at a price determined by the market.
The total number of shares in Sanoma on 29 October 2015 is 162,812,093 and Sanoma does not hold any of its own shares.
Sanoma's Investor Relations, Olli Turunen, tel. +358 40 552 8907
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Sanoma is a front running consumer media and learning company in Europe. In Finland and The Netherlands we are the market leading media company with a broad presence across multiple platforms. Our main markets in learning are Belgium, Finland, the Netherlands, Poland and Sweden. In 2014, Sanoma’s net sales totalled EUR 1.9 billion. Sanoma is listed on the Nasdaq Helsinki stock exchange.