Amer Group to propose purchases of its own shares
1999-02-11, 13:20
At a Board meeting today Amer Group Plc's Board of Directors decided to propose to the Annual General Meeting, scheduled to convene on 11 March 1999, an authorisation to purchase and dispose of the Company's own shares.
The Board of Directors proposes an authorisation to purchase and dispose of shares in the Company for the purpose of improving the Company's capital structure and for use as payment when the Company purchases assets related to its business operations and as payment in any possible corporate acquisitions in the manner and to the extent decided by the Board of Directors. The Board of Directors may also decide to cancel these shares. The total amount of shares to be purchased is limited to 5% of the total number of shares in issue and votes thereon. Purchases of any shares shall be funded from the Company's distributable non-restricted equity only.
The authorisation is intended to be valid for a period of one year from the date of the Annual General Meeting, until 11 March 2000.
The detailed contents of the Board's proposal are attached.
The full report can be downloaded from the enclosed link.
AMER GROUP PLC
Communications Department
For further information, please contact:
Mr. Roger Talermo, President & CEO, Tel. +358 9 7257 8210
Mr. Pekka Paalanne, Senior Vice President & CFO,
Tel. +358 9 7257 8212
Mr. Jari Melgin, Corporate Treasurer, Tel. +358 9 7257 8233
The Board of Directors proposes an authorisation to purchase and dispose of shares in the Company for the purpose of improving the Company's capital structure and for use as payment when the Company purchases assets related to its business operations and as payment in any possible corporate acquisitions in the manner and to the extent decided by the Board of Directors. The Board of Directors may also decide to cancel these shares. The total amount of shares to be purchased is limited to 5% of the total number of shares in issue and votes thereon. Purchases of any shares shall be funded from the Company's distributable non-restricted equity only.
The authorisation is intended to be valid for a period of one year from the date of the Annual General Meeting, until 11 March 2000.
The detailed contents of the Board's proposal are attached.
The full report can be downloaded from the enclosed link.
AMER GROUP PLC
Communications Department
For further information, please contact:
Mr. Roger Talermo, President & CEO, Tel. +358 9 7257 8210
Mr. Pekka Paalanne, Senior Vice President & CFO,
Tel. +358 9 7257 8212
Mr. Jari Melgin, Corporate Treasurer, Tel. +358 9 7257 8233