LASSILA & TIKANOJA PLC COMPANY ANNOUNCEMENT
12 May 2009 8.00 am
The Board of Directors of Lassila & Tikanoja plc has resolved to exercise the authorisation by the Annual General Meeting on 24 March 2009 to repurchase a maximum of 50,000 of the company's own shares, which corresponds to 0.1% of the total number of issued shares. The shares will be repurchased as part of the company’s incentive programme announced on 25 March 2009 to be used as potential reward payments in accordance with the programme criteria.
Shares will be repurchased otherwise than in proportion to the existing shareholdings of the company’s shareholders using the company’s unrestricted equity in public trading on the NASDAQ OMX Helsinki Ltd at the market price quoted at the time of the repurchase.
The repurchase of own shares will start on 20 May 2009 at the earliest. The repurchase authorisation will be effective for 18 months from the date of the Annual General Meeting and covers a maximum of 500,000 shares.
LASSILA & TIKANOJA PLC
Jari Sarjo
President and CEO
For additional information please contact Ville Rantala, CFO, tel. +358 50 385 1442 or Keijo Keränen, IR Manager, tel. +358 50 385 6957.