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EAB Group's board decides on acquisition of own shares.

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NORDIC BUSINESS REPORT-August 29, 2019-EAB Group's board decides on acquisition of own shares

(C)2019 M2 COMMUNICATIONS http://www.m2.com

EAB Group Oyj (HEL:EAB), a provider of investment management services, announced on Wednesday the decision by its board of directors to commence acquiring the company's own shares.

The company's Annual General Meeting held on 5 April 2019 authorised the board to decide on the acquisition of up to 1,300,000 own shares using EAB Group's own unrestricted and distributable equity. The buying back of own shares can be done to develop the company's capital structure, to be used as consideration in corporate acquisitions or other restructuring, to finance investments or as part of the company's incentive plan.

According to EAB Group, the board has decided that the maximum number of shares to be acquired is 75,000, corresponding to approximately 0.5% of the total number of shares, up to a maximum of EUR200,000.

These shares...

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