Cargotec will start to repurchase own sharesComments Off on Cargotec will start to repurchase own shares
Cargotec Corporation’s Board of Directors has decided to exercise the authorisation of the Annual General Meeting on 17 March 2022 to repurchase the company’s own shares.
Cargotec will repurchase 7,000 class B shares to be used as reward payments for Cargotec’s share-based incentive programmes. The shares will be purchased at public trading on Nasdaq Helsinki Ltd. at the market price. The repurchases will start on 8 February 2023 at the earliest. According to the authorisation given to the Board of Directors by the Annual General Meeting, the maximum amount of shares that can be acquired is 952,000 class A shares and 5,448,000 class B shares.
In the beginning of February 2023, Cargotec held a total of 224,840 own class B shares.