Lehto Group Plc
Stock exchange release
21 March 2023, 1.35 p.m. (Finnish time)
Lehto Group Plc’s (”Lehto” or the “Company”) has ended repurchasing the Company’s own shares. The shares were repurchased mainly to meet the Company's obligations under the share-based incentive plans from year 2020.
The share repurchases started on 13 March 2023 and ended on 21 March 2023. The number of repurchased shares was 110,000 in total, corresponding to approximately 0.13% of the total number of Lehto’s shares. The pecuniary amount used for the repurchase including fees was approximately EUR 28,000.
Lehto's Board of Directors is authorized by the Annual General Meeting held on 2 May 2022 to acquire a maximum of 8,733,000 shares. The authorization is valid until 30 June 2023.
The shares were acquired with the Company's non-restricted equity. The shares were acquired through public trading on Nasdaq Helsinki exchange otherwise than in proportion to the share ownership of the shareholders at the market price prevailing at the time of purchase.
The total number of the Company's shares is 87,339,410 and the Company holds 138,123 treasury shares.
Chief Financial Officer
Tel. +358 400 944 074