TAALERI PLC STOCK EXCHANGE RELEASE 19 DECEMBER 2023 AT 15:15 (EET)
Taaleri to initiate a share repurchase program
The Board of Directors of Taaleri Plc has resolved to start repurchasing the company’s own shares based on the authorization given by the Annual General Meeting held on 13 April 2023. The maximum number of the company’s own shares to be repurchased is 200,000 shares, corresponding to approximately 0.71 per cent of all the shares in the company. The maximum amount to be used for the share repurchase is EUR 1,900,000. The shares will be repurchased using the company’s unrestricted equity. The shares will be repurchased through public trading organized by Nasdaq Helsinki Ltd at the market price as per the time of repurchase.
The repurchase of own shares will start on 20 December 2023 at the earliest and end on 10 April 2024 at the latest. The company can acquire the shares for use as part of the company's incentive schemes, or it can decide to cancel any or all of the repurchased shares.
At the moment, the total number of shares in Taaleri Plc is 28,350,620. Currently, the company holds 45,000 of its own shares, which corresponds to 0.16 per cent of all shares.
The Annual General Meeting, held on 13 April 2023, authorized the company’s Board of Directors to resolve to repurchase a maximum of 2,000,000 own shares of the company, which corresponds to approximately 7.05 per cent of all the shares in Taaleri.
For further information, please contact:
CEO Peter Ramsay, +358 50 343 7493, email@example.com
Taaleri in brief
Taaleri is a Nordic investment and asset manager that focuses on businesses with industrial-scale opportunities within bioindustry and renewable energy. We create value by combining extensive know-how, deep expertise, entrepreneurship and capital through both funds under management and direct investments. We are a signatory of the UN Principles for Responsible Investment (UNPRI) since 2010, and we joined the Net Zero Asset Managers initiative in 2021. Taaleri’s vision is to become a leading investment manager operating internationally in bioindustry and renewable energy.
Taaleri has EUR 2.6 bn of assets under management in its private equity funds and co-investments. The company has approximately 120 employees. Taaleri Plc is listed on Nasdaq Helsinki.
Head of Investor Relations, Sustainability and Communications Siri Markula, +358 40 743 2177, firstname.lastname@example.org