Amer Sports to start repurchases of own shares
Amer Sports Corporation
STOCK EXCHANGE RELEASE
April 25, 2013 at 1:40 pm
Amer Sports' Board of Directors has today decided to utilize the authorization given by the Annual General Meeting held on March 7, 2013 to repurchase Amer Sports shares. The company will acquire its own shares in order to implement share-based incentive plans for 2013-2015 for the group's key personnel. The repurchases will start at the earliest on April 29, 2013 and end on December 31, 2013 at the latest. The amount to be acquired is maximum one (1) million shares.
The shares shall be repurchased otherwise than in proportion to the holdings of the shareholders by using the non-restricted equity through trading on regulated market organized by NASDAQ OMX Helsinki Ltd at the market price prevailing at the time of acquisition. The shares shall be repurchased and paid for in accordance with the rules of NASDAQ OMX Helsinki Ltd and Euroclear Finland Ltd.
For further information, please contact:
Jussi Siitonen, CFO, tel. +358 9 7257 8212
NASDAQ OMX Helsinki
Amer Sports (www.amersports.com) is a sporting goods company with internationally recognized brands including Salomon, Wilson, Atomic, Arc'teryx, Mavic, Suunto and Precor. The company's technically-advanced sports equipment, footwear and apparel improve performance and increase the enjoyment of sports and outdoor activities. The Group's business is balanced by its broad portfolio of sports and products and a presence in all major markets. Amer Sports shares are listed on the NASDAQ OMX Helsinki stock exchange.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Amer Sports Oyj via Thomson Reuters ONE
- U.S.'s Kerry expresses regret to India over diplomat case |
- Mega Millions winners in Georgia, California to split $648 million |
- Washington, DC city council raises minimum wage to $11.50/hr in 2016
- China confirms near miss with U.S. ship in South China Sea
- Fed cuts bond buying in first step away from historic stimulus |