The Board of Directors of Aspo Plc has decided to acquire a maximum of 438,520 Aspo Plc shares, net of 186 234 shares already in the possession of the company, through public trading on the Helsinki Stock Exchange at publicly quoted market price at the time of acquisition. The shares equal 5 per cent of the company's total number of shares outstanding (8,770,416). The repurchases will commence on November 2, 2001, at the earliest.
The shares will be acquired in accordance with the authorization given to the Board at the Annual Shareholders' Meeting on April 26, 2001. The shares will be acquired for use as payment when the company is acquiring operationally-related assets, in any company acquisitions and other corporate arrangements, capital restructuring programs or otherwise for disposal in the manner and to the extent determined by the Board. The Board may also bring proposals before the shareholders concerning the invalidation of repurchased shares. The shares will be acquired at the current market price formed in public trading at the time of acquisition. The authorization will be effective until April 26, 2002.
ASPO Plc
Gustav Nyberg
CEO