Verkkokauppa.com has completed the acquisitions of company's own shares
Verkkokauppa.com Oyj STOCK EXCHANGE RELEASE July 2, 2020 at 9:00 EET
Verkkokauppa.com has completed the acquisitions of company's own shares
Verkkokauppa.com Oyj announced on 24 April 2020 that it will commence acquiring Verkkokauppa.com's own shares on the basis of the authorization granted by the Annual General Meeting held on 31 March 2020.
The acquisitions of the shares began on 14 May 2020 and ended on 2 July 2020. During that time, Verkkokauppa.com acquired 296,920 of its own shares for an average price per share of EUR 5.05. The shares acquired will be used for the payment of the share portion of the annual fees of the members of the Board of Directors and for fulfilling the obligations related to the company's performance matching share plan.
Following the acquisitions, Verkkokauppa.com owns a total of 362,846 of its own shares, which represents approximately 0.81 percent of all shares in the company.
The shares were acquired at market price of the acquisition date through trading on both First North Growth Market Finland marketplace and Nasdaq Helsinki. Danske Bank AS, Finland Branch acted as a broker in the acquisition of the shares.
For more information, please contact:
Panu Porkka
CEO
Tel. 5
Mikko Forsell
CFO
Tel. 5
Distribution:
Nasdaq Helsinki
Principal media
Verkkokauppa.com in short
Verkkokauppa.com is Finland’s most popular and most visited Finnish online retailer, with the aim to sell to products to its customer at probably always cheaper prices. Depending on the season, the Company markets, sells, and distributes some 60,000–70,000 products in 26 different main product categories through its webstore, retail stores, and network of pick-up points. The Company has four megastores: in Oulu, Pirkkala, Raisio, and Helsinki, in addition to which products can be collected at more than 3,000 pick-up points. Verkkokauppa.com was founded in 1992 and it is headquartered in Jätkäsaari, Helsinki. The Company’s shares are listed on the official list of Nasdaq Helsinki under the ticker symbol VERK.
