SRV GROUP PLC STOCK EXCHANGE RELEASE 28 April 2022 8.35 EET
SRV Group Plc has stopped the repurchase of own shares started on 3 February 2022
SRV Group Plc announced on 3 February 2022 that the Board of Directors had decided to start repurchasing a maximum of 3,900,000 own shares based on the authorization granted by the Annual General Meeting (AGM) on 29 March 2021.
The Board of Directors has decided to stop the repurchase of own shares effective immediately.
Between 7 February 2022 and 29 March 2022 SRV Group Plc repurchased 1,112,480 of its own shares at an average price per share of EUR 0.4394 through trading in a regulated market arranged by Nasdaq Helsinki Ltd according to the rules and instructions of Nasdaq Helsinki Ltd. The overall purchase price of the shares was EUR 488,879.26.
After the repurchase of own shares SRV Group Plc now holds a total of 1,975,041 shares, which represents approximately 0.75% of all SRV shares. The repurchased shares are intended to be used for share-based incentive schemes.
For further information, please contact:
Anu Tuomola, General Counsel, tel. +358 (0)50 4143 280, email@example.com
SRV in brief
SRV is a Finnish developer and innovator in the construction industry. We are building a more sustainable and responsible urban environment that fosters economic value and takes into consideration the wellbeing of both the environment and people. We call this approach lifecycle wisdom. Our genuine engagement and enthusiasm for our work comes across in every encounter – and listening is one of our most important ways of working. We believe that the only way to change the world is through discussion.
Our company, established in 1987, is listed on the Helsinki Stock Exchange. We operate in growth centres in Finland. In 2021, our revenue totalled EUR 932.6 million. In addition to about 1,000 SRV employees, we have a network of around 3,600 partners.
SRV – Building for life