Cargotec will start to repurchase own shares
08 Februar 2024 - 2:00PM
Cargotec will start to repurchase own shares
CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 8 FEBRUARY 2024 AT
3:00 PM (EET)Cargotec will start to repurchase own
shares
Cargotec Corporation's Board of Directors has decided to
exercise the authorisation of the Annual General Meeting on 23
March 2023 to repurchase the company's own shares. Cargotec will
repurchase 150,000 class B shares to be used as reward payments for
Cargotec's share-based incentive programmes. The shares will be
purchased at public trading on Nasdaq Helsinki Ltd. at the market
price. The repurchases will start on 9 February 2024 at the
earliest. According to the authorisation given to the Board of
Directors by the Annual General Meeting, the maximum number of
shares that can be acquired is 952,000 class A shares and 5,448,000
class B shares. Based on the authorisation, Cargotec has
repurchased 400,000 own class B shares.
On 8 February 2024, Cargotec held a total of 407,043 own class B
shares.
For further information, please contact:Mikko
Puolakka, Executive Vice President and CFO, tel. +358 20 777
4105Aki Vesikallio, Vice President, Investor Relations, tel. +358
40 729 1670
Cargotec (Nasdaq Helsinki: CGCBV) enables smarter cargo flow for
a better everyday with its leading cargo handling solutions and
services. Cargotec's business areas Kalmar, Hiab and MacGregor are
pioneers in their fields. Through their unique position in ports,
at sea and on roads, they optimise global cargo flows and create
sustainable customer value. Cargotec has signed the United Nations
Global Compact Business Ambition for 1.5°C. The company's sales in
2023 totalled approximately EUR 4.6 billion and it employs around
11,400 people. www.cargotec.com
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