Robit Plc: Robit Plc Has Completed the Repurchase of Its Own Shares

ROBIT PLC          STOCK EXCHANGE RELEASE      13 NOVEMBER 2019 AT 17.30

 

ROBIT PLC HAS COMPLETED THE REPURCHASE OF ITS OWN SHARES

Robit has completed the repurchase of its own shares, which began on 20 September,2019 and ended on 13 November 2019. During this period, Robit acquired 150,000 of its own shares with an average price of EUR 2,1888 per share. The shares were acquired at the market price quoted at the time of the repurchase in public trading on Nasdaq Helsinki Ltd.

 

The share repurchase was based on an authorization granted by the Annual General Meeting of 2019.  The Board of Directors of Robit Plc, at its meeting on 19 September 2019, decided to start the repurchase of the company's own shares and to acquire a maximum of 150,000 shares, which corresponds to approximately 0.7% of the company's currently issued shares. 



After the repurchase Robit Plc holds a total of 178 634 treasury shares, which is equivalent to approximately 0,85 % of all shares of the Company.

ROBIT PLC

Tommi Lehtonen

CEO

Additional information:

Tommi Lehtonen, CEO

Tel. +358 40 724 9143

DISTRIBUTION:  

Nasdaq Helsinki

Key media

Robit is a strongly internationalized growth company servicing global customers and selling drilling consumables for applications in mining, surface drilling and foundation, underground construction and well drilling. The company's offering is divided into two product and service ranges: Top Hammer and Down-the-Hole. Robit has 15 of its own sales and service points throughout the world as well as an active sales network in 115 countries. Robit's manufacturing units are located in Finland, South Korea, Australia and the UK. Robit's shares are listed on NASDAQ Helsinki Ltd. Further information is available at: