Inside information: Apetit Plc to start the repurchase of its own shares
Apetit Plc, Inside information on 30 November 2023 at 3:00 p.m.
The Board of Directors of Apetit Plc has decided to use the authorization given by the Annual General Meeting held on 13 April 2023 to repurchase the Company’s own shares. The maximum number of shares to be repurchased is 50,000, corresponding to approximately 0.79% of the Company’s total number shares which is 6,317,576. The shares will be acquired to implement share-based incentive plans.
The share repurchases will commence on 4.12.2023 at the earliest and end on 17.5.2024 at the latest or at the end of the Annual General Meeting to be held before that. The shares will be repurchased using the Company’s unrestricted equity and the shares are to be acquired in several lots in public trading arranged by Nasdaq Helsinki Ltd.
The decision is based on the authorization given to the Board of Directors by the Annual General Meeting on 13 April 2023 to decide on the repurchase of a maximum of 80,000 of the Company’s own shares to implement share-based incentive plans or for other purposes specified by the Board of Directors. Before beginning the share purchase Apetit Plc has 63 268 own shares.
Apetit Plc
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About Apetit Oyj
Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier and produce high-quality vegetable oils and rapeseed expellers for feeding stuff. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2022, Apetit Group's net sales were EUR 182 million.
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