Amer Sports to launch a share repurchase program

The Amer Sports Board of Directors has decided to start a new share repurchase program based on the authorization given by the AGM on March 8, 2007. The company will acquire its own shares in order to implement a share-based incentive plan for 2007 for the Group's key personnel. The repurchases will start at the earliest on August 13, 2007 and end on December 31, 2007 at the latest. The amount to be acquired is 445,000 shares.

 

The Company's own shares shall be repurchased otherwise than in proportion to the holdings of the shareholders by using the non-restricted equity through public trading on the Helsinki Stock Exchange at the prevailing market price at the time of acquisition. The shares shall be repurchased and paid for in accordance with the rules of the Helsinki Stock Exchange and the Finnish Central Securities Depository Ltd.

 

AMER SPORTS CORPORATION

Communications

 

 

Maarit Mikkonen

Communications Manager

Tel. +358 9 7257 8306, e-mail: maarit.mikkonen@amersports.com

 

DISTRIBUTION

Helsinki Stock Exchange

Principal media

 

 

AMER SPORTS CORPORATION

Amer Sports (www.amersports.com) is the world's leading sports equipment company with internationally recognized brands including Salomon, Wilson, Precor, Atomic and Suunto. All Amer Sports companies develop and manufacture technically advanced products that improve the performance of active sports participants. The Group's business is balanced by its broad portfolio of sports and presence in all major markets.