Proposal by the Board of Directors regarding authorisation to repurchase company shares
The Board of Directors of Lassila & Tikanoja plc will propose to the Annual General Meeting to be held on 15 March 2012 that the Board of Directors be authorised to repurchase Company shares (“Repurchase authorisation”) under the following terms and conditions:
Maximum number of shares to be repurchased
The Board of Directors shall be authorised to repurchase a maximum of 500,000 Company shares (1.3% of the total number of shares) using the Company’s unrestricted equity.
Method of repurchase and consideration payable for shares
Shares will be repurchased otherwise than in proportion to the existing shareholdings of the Company’s shareholders in public trading on the NASDAQ OMX Helsinki Ltd (“Stock Exchange”) at the market price quoted at the time of the repurchase.
Shares will be acquired and paid for in accordance with the rules of the Stock Exchange and the Euroclear Finland Ltd.
Purpose of the repurchase
The purpose of the share repurchase is to develop the Company’s capital structure and/or to use the shares to finance potential acquisitions or other business arrangements, as part of the Company’s share-based incentive programme, or to finance investments. The company may retain the repurchased shares, or cancel or transfer them.
Other terms and validity
The Board of Directors will decide on other terms related to the share repurchase.
The authorisation will be effective for 18 months.
Helsinki, 1 February 2012
Lassila & Tikanoja plc
Board of Directors