Innofactor Plc Stock Exchange Release December 31, 2013, at 12:00 Finnish time
At its meeting on August 27, 2012, the Board of Directors of Innofactor Plc decided to start the acquisition of its own shares. A maximum of 1,500,000 shares was decided to be acquired equaling approximately 4.97 % of the total amount of the company’s shares. The decision was based on the authorization given to the Board by the Extraordinary General Meeting on August 27, 2012 to acquire a maximum of 3,000,000 shares. The acquisition of own shares started on September 4, 2012 and ended according to the original schedule on December 31, 2013.
During the purchase program, Innofactor acquired a total of 569,000 shares at an average price of EUR 0.5365 per share. Innofactor share closing price on December 30, 2013, was EUR 1.26. The acquired 569,000 own shares have been cancelled by a separate decision on September 17, 2013.
Espoo, December 31, 2013
Board of Directors
Sami Ensio, CEO
Tel. +358 50 584 2029
NASDAQ OMX Helsinki
Innofactor is one of the leading software providers focused on Microsoft solutions in the Nordic countries. Innofactor delivers to its customers IT projects as a system integrator and develops its own software products and services. The focus area in its own product development is Microsoft Azure based cloud solutions. Innofactor's customers include over 1,000 companies and government organizations in Finland, Denmark, Sweden and elsewhere in Europe. In its operation, Innofactor strives for long-term customer relationships. Innofactor has over 400 motivated and skilled employees in several locations in Finland, Denmark, Sweden and Russia. The five year growth of Innofactor's net sales in 2008 to 2012 has been about 35 percent annually. Innofactor is the fastest growing technology company in the Finnish stock exchange. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ OMX Helsinki Oy.