Tietoevry starts repurchasing own shares
The Board of Directors of Tietoevry Corporation has decided to start a repurchasing programme of the company’s own shares based on the authorization given by the Annual General Meeting on 25 March 2025.
The company has a weighty financial reason for the directed acquisition of its shares since the shares are acquired for purposes of share-based incentive programmes for key personnel. Purchases of shares will start on 12 June 2025 at the earliest and end as soon as the maximum amount of shares has been acquired.
The maximum number of shares to be acquired is 215 000 shares. Shares shall be acquired in public trading on Nasdaq Helsinki Ltd. at the market price prevailing at the time of purchase. The acquisition of own shares shall reduce the unrestricted equity of the company.
The Board of Directors of Tietoevry Corporation is authorized by the Annual General Meeting to decide on the repurchase of a maximum amount of 11 800 000 of the company’s own shares.
At the moment, the total number of shares in Tietoevry Corporation is 118 640 150 and the company holds a total of 23 572 own shares.
*****
Tietoevry is a leading software and digital engineering services company with global market reach and capabilities. We provide customers across different industries with mission-critical solutions through our specialized software businesses* Tietoevry Care, Tietoevry Banking and Tietoevry Industry, as well as our digital engineering business Tietoevry Create. Our 16 000* talented vertical software, design, cloud and AI experts are dedicated to empowering our customers to succeed and innovate with latest technology.
Tietoevry’s annual revenue for the continuing businesses* is approximately EUR 2 billion. The company’s shares are listed on the NASDAQ exchange in Helsinki and Stockholm, as well as on Oslo Børs. www.tietoevry.com
* Tietoevry Tech Services is excluded due to the divestment signed in March 2025. The transaction is expected to close during Q3 2025
( Press Release Image: https://photos.webwire.com/prmedia/6/339672/339672-1.png )
WebWireID339672
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.