On 24 April 2018, the Board of Directors of Kesko Corporation decided to use the authorisation granted by the General Meeting of 11 April 2018 to acquire B series shares in Kesko Corporation, and established a share buy-back programme for the purpose.
Kesko Corporation has now completed the share buy-back programme. The acquisitions of the shares began on 26 April 2018 and ended on 18 May 2018. During that time, Kesko acquired 500,000 of its own B series shares for an average price per share of €48.83. The shares acquired will be used to fulfil obligations related to the Company’s share-based commitment and incentive plans. Following the acquisitions, Kesko owns a total of 996,325 of its own B shares, which represents approximately 1.00 per cent of all shares in Kesko Corporation and 1.46 per cent of Kesko Corporation’s B series shares.
The shares were acquired at the market price quoted at the time of acquisition in trading organised by Nasdaq Helsinki Ltd on a regulated market. Danske Bank A/S, Finland Branch acted as broker in the acquisition of the shares.
Further information is available from Mika Majoinen, EVP, Group General Counsel, tel. +358 105 322 206.
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www.kesko.fi