AHLSTROM-MUNKSJÖ STOCK EXCHANGE RELEASE, MAY 16, 2017 at 16:35 CEST
The Board of Directors of Ahlstrom-Munksjö Oyj has decided to utilize the authorization given by the Annual General Meeting (AGM) held on May 16, 2017 and continues to repurchase own shares.
The authorization, to acquire a maximum of 8,000,000 of the company's own shares, is valid until the end of the next AGM to be held in 2018. The repurchases will start at the earliest on May 17, 2017.
On May 2, 2017, the Board of Directors decided to utilize the authorization given by the AGM 2016 held on April 6, 2016 to repurchase own shares. The repurchases started on May 3, 2017 and ended on May 15, 2017. During this period, Ahlstrom-Munksjö repurchased 90,000 shares, corresponding to about 0.1 per cent of the total number of shares and votes. On May 16, 2017, Ahlstrom-Munksjö held 156,729 of its own shares.
The amount of shares to be acquired through the two authorizations shall not exceed 300,000 shares, corresponding to about 0.3 per cent of the total number of shares and votes. The repurchased shares will be used primarily for implementing future share-based incentive programs of the company.
The shares shall be acquired through public trading on Nasdaq Helsinki at the market price prevailing at the time of repurchase. Nordea Bank Finland Plc will act as stock broker in the repurchases.
For further information, please contact:
Juho Erkheikki, Investor & Media Relations Manager, tel. +358 50 413 45 83, juho.erkheikki@ahlstrom-munksjo.com
Ahlstrom-Munksjö in brief
Ahlstrom-Munksjö is a global leader in fiber-based materials, supplying innovative and sustainable solutions to customers worldwide. Our offerings include decor paper, filter media, release liners, abrasive backings, nonwovens, electrotechnical paper, glass fiber materials, food packaging and labeling, tape, medical fiber materials and solutions for diagnostics. Combined annual net sales are about EUR 2.15 billion and we employ 6,000 people. The Ahlstrom-Munksjö share is listed on the Nasdaq Helsinki and Stockholm. The company was formed on April 1, 2017 through the merger of Ahlstrom Corporation and Munksjö Oyj. Read more at www.ahlstrom-munksjo.com.