Munksjö Oyj
Munksjö to acquire its own shares

Munksjö Oyj 

12.02.2015 06:45

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Helsinki, Finland, 2015-02-12 06:45 CET (GLOBE NEWSWIRE) -- 
MUNKSJÖ OYJ, STOCK EXCHANGE RELEASE 12 February 2015 at 6.45 a.m. CET

Munksjö to acquire its own shares

The Board of Directors of Munksjö Oyj has decided to utilise the authorization
given by the Annual General Meeting held on 2 April 2014 to repurchase own
shares. 

In May 2014, the Board of Directors of Munksjö Oyj approved a long-term
share-based incentive programme for Munksjö's senior executives and other key
personnel, approximately 35 persons. The repurchased shares will be used
primarily for implementing share-based incentive programmes of the company, or
for other purposes defined in the authorization of the Annual General Meeting. 

The Board of Directors has an authorization to acquire 4,000,000 of the
company's own shares, which was given by the Annual General Meeting on 2 April
2014. The authorization is valid until the end of the Annual General Meeting
2015 to be held on 15 April 2015. 

The repurchases will start at the earliest on 13 February 2015 and end on 27
March 2015 at the latest. The amount to be acquired shall not exceed 300,000
shares, corresponding to about 0.6 per cent of the total number of shares and
votes. Munksjö does not before the start of the repurchases of the share hold
any own shares. 

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. 

Munksjö Oyj


For more information, please contact:
Åsa Fredriksson, SVP HR and Communications, tel. +46 10 250 1003
Laura Lindholm, Investor Relations Manager, tel. +46 10 250 1026



Munksjö - Materials for innovative product design
The Munksjö Group is an international specialty paper company with a unique
product offering for a large number of industrial applications and
consumer-driven products. Founded in 1862, Munksjö is among the leading
producers in the world of high-value added papers within attractive market
segments such as Decor paper, Release Liners, Electrotechnical paper, Abrasive
backings and Interleaving paper for steel. Given Munksjö's global presence and
way of integrating with its customers' operations, the company forms a global
service organisation with approximately 2,900 employees. Production facilities
are located in France, Sweden, Germany, Italy, Brazil, Spain and China. Munksjö
Oyj is listed on Nasdaq Helsinki and Nasdaq Stockholm. Read more at
www.munksjo.com.
News Source: NASDAQ OMX



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Language:     English
Company:      Munksjö Oyj
              
               
              Finland
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         FI4000048418
WKN:          
 
End of Announcement                             DGAP News-Service
 
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