Own shares

Repurchase and/or acceptance as pledge of own shares and transfer of own shares

The annual general meeting on 14 April 2015 authorised the board of directors to decide on repurchase and/or acceptance as pledge of the company's own shares. On the basis of the authorisation, the aggregate number of shares repurchased and/or accepted as pledge shall not exceed 864,375 shares, which represents approximately five percent of all the shares of the company. The company and its subsidiaries together cannot at any time own and/or hold as pledge more than 10 percent of all the company’s registered shares.

The annual general meeting also authorised the board of directors to decide on the transfer of the company’s own shares. The aggregate number of shares transferred on the basis of the authorisation may not exceed 2,593,125 shares.

The authorisations are effective until the next annual general meeting, however, no longer than until 14 October 2016.

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 plan or transferred or cancelled in other ways.

Repurchases and transfers of own shares quarterly

Period Number of repurchased shares Number of transferred shares Value, euro Cumulative number of shares

1Q2010

186,744

 

610,444

186,744

2Q2010

16,500

 

57,563

203,244

1Q2011

 

125,390

687,137

77,854

2Q2011

 

11,711

74,014

66,143

3Q2011

151,137

9,432

757,445

207,848

4Q2011

89,728

 

422,720

297,576

1Q2012

 

56,033

322,189

241,543

2Q2012

 

13,597

71,248

227,946

1Q2013

 

18,540

84,357

209,406

2Q2013

 

15,283

68,315

194,123

1Q2014

 

150,000

 749,535

44,123

1Q2014

400,000*

 

1,998,760

444,123*

1Q2014

 

11,919

56,854

432,204

2Q2014

 

 15,441

71,183

416,763

2Q2015

 

 10,634

76,033

406,129

* In January 2014,  Okmetic acquired the entire share capital of Okmetic Management Oy. Okmetic Management Oy owned 400,000 Okmetic shares. Okmetic Management Oy was merged in the parent company on 30 November 2014.