OKMETIC OYJ STOCK EXCHANGE RELEASEÂ Â Â Â 5 AUGUST 2011Â Â Â AT 3.00 P.M.
OKMETIC INITIATES REPURCHASE OF OWN SHARES
The board of directors of Okmetic has decided on 5 August 2011, based on an
existing authorisation of the board of directors, to repurchase a maximum of
280,000 company's own shares, corresponding to approximately 1.6 percent of the
total number of Okmetic shares. Currently, the company holds a total of 66,143
company's own shares.
Share repurchase shall be started on 15 August 2011 at the earliest. Share
repurchase may continue until the next annual general meeting, however, no
longer than until 7 October 2012.
The repurchased shares may be used in developing the company's capital
structure, as compensation in possible corporate acquisitions or in other
business arrangements, as part of the company's incentive scheme or transferred
or cancelled in other ways.
The shares shall be repurchased with the company's distributable assets and the
repurchase shall decrease the company's distributable equity. The shares shall
be repurchased in a proportion other than that of the shares held by the
shareholders through public trading on the NASDAQ OMX Helsinki Oy at market
price prevailing at the time of repurchase.
The annual general meeting of Okmetic Oyj has on 7 April 2011 authorised the
board of directors to decide on repurchase of a maximum of 1,728,750 own shares.
The terms and conditions of the authorisation have been disclosed in the stock
exchange release of 7 April 2011 regarding the decisions of the annual general
meeting of Okmetic Oyj. The authorisation has not been used yet.
Board of directors
For further information, please contact:
President Kai Seikku, Okmetic Oyj,
tel. +358Â 400 200 288, email: email@example.com
Senior Vice President, Finance, IT, and Communications
Juha Jaatinen, Okmetic Oyj, tel. +358 9 5028 0286,
NASDAQ OMX Helsinki
OKMETIC IN BRIEF
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Okmetic is a technology company which supplies tailor-made silicon wafers for
sensor and semiconductor industries and sells its technological expertise to the
solar cell industry. Okmetic provides its customers with solutions that boost
their competitiveness and profitability.
Okmetic's silicon wafers are part of a further processing chain that produces
end products that improve human interaction and quality of life. Okmetic's
products are based on high-tech expertise that generates added value for
customers, innovative product development and an extremely efficient production
Okmetic has a global customer base and sales network, production plants in
Finland and the US and contract manufacturers in Japan and China. Okmetic's
shares are listed on NASDAQ OMX Helsinki under the code OKM1V. For more
information on the company, please visit our website at www.okmetic.com.
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Source: Okmetic Oyj via Thomson Reuters ONE