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Robit's board decides on share repurchase programme.

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NORDIC BUSINESS REPORT-September 20, 2019-Robit's board decides on share repurchase programme

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

Robit Oyj (HEL:ROBIT) announced on Thursday the decision by its board of directors, based on the authorisation given to the board by the Annual General Meeting on 27 March 2019, to start the repurchase of the company's own shares.

The board has decided to acquire a maximum of 150,000 shares, which corresponds to approximately 0.7% of the company's currently issued shares.

The AGM had authorised the board to resolve on the acquisition of a maximum of 2,108,390 of the company's own shares using the company's distributable unrestricted shareholders' equity.

These shares will be acquired using the company's distributable unrestricted shareholders' equity at the market price prevailing at the time of acquisition via public trading in the marketplace maintained by Nasdaq Helsinki Ltd.

Also, this acquisition of the company's own shares will start no earlier than 20 September 2019 and end no later than...

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