Rapala VMC Corporation
Stock Exchange Release
July 24, 2012 at 10:00 a.m.
The Board of Directors of Rapala VMC Corporation (Rapala) has decided to start
buying back a maximum of 100 000 of Rapala's own shares, equaling to some 0.25%
of all shares, in accordance with the authorization granted by the Annual
General Meeting on AprilÂ 11, 2012. The shares will be acquired with company's
free equity only, and therefore, the acquisition reduces the distributable
funds. The maximum amount to be used for the acquisition is 550 000 euro.
Shares will be acquired in public trading on the NASDAQ OMX Helsinki at the
market price quoted at the time of repurchase in accordance with the rules
regarding the acquisition of company's owns shares.
Shares will be repurchased to finance or carry out business acquisitions or
other investments, to settle the company's equity-based incentive plans, to be
transferred for other purposes, or to be cancelled.
The repurchasing of shares starts on August 13, 2012 at the earliest and will
end on September 30, 2012, at the latest. At the moment, Rapala holds 563 235 of
its own shares.
Shares will be acquired in accordance with section 5 of the rules of NASDAQ OMX
Helsinki Â and other rules applicable to the acquisition of own shares.
RAPALA VMC CORPORATION
President and Chief Executive Officer
For further information, please contact:
Jussi RistimÃ¤ki, Chief Financial Officer, +358 9 7562 540
Olli Aho, Company Counsel, +358 9 7562 540
Distribution: NASDAQ OMX Helsinki and Main media
Rapala VMC Corporation (Rapala) is a leading fishing tackle company and the
global market leader in fishing lures, treble hooks and fishing related knives
and tools. The Group also has a strong global position in other fishing
categories and it is one of the leading distributors of outdoor, hunting and
winter sport products in the Nordic countries. The Group has the largest
distribution network in the industry. The main manufacturing facilities are
located in Finland, France, Estonia, Russia, China, Indonesia and the UK. The
Group brand portfolio includes the leading brand in the industry, Rapala, and
other global brands like VMC, Sufix, Storm, Blue Fox, Luhr Jensen, Williamson,
Dynamite Baits, MORA ICE, StrikeMaster, Marttiini and Peltonen. The Group, with
net sales of EUR 279 million in 2011, employs some 2 000 people in 38 countries.
Rapala's share is listed and traded on the NASDAQ OMX Helsinki stock exchange
Stock Exchange Release:
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Source: Rapala VMC Oyj via Thomson Reuters ONE