Sanitec Corporation has repurchased own shares under its repurchase programme
ET | Source:Sanitec
As stated in a stock exchange release of Sanitec Corporation on 18 July 2014,
the Board of Directors of Sanitec Corporation has resolved to implement a share
repurchase programme. The purpose of the programme is to ensure that the company
is able to meet its obligations arising from Sanitec’s share based incentive
plan 2014 for its key employees and to deliver the shares to participants of the
incentive plan, as approved by the Annual General Meeting 2014.
The programme is implemented in accordance with the Commission Regulation (EC)
No 2273/2003 of 22 December 2003 (the "EC-Regulation"). Further conditions are
contained in the stock exchange release of Sanitec Corporation released on 18
Sanitec Corporation has repurchased its own shares as follows:
Date: 25 August 2014
Exchange transaction: Buy
Number of shares repurchased: 37,500
Average price paid: SEK 81.8788
Highest price paid: SEK 82.00
Lowest price paid: SEK 81.50
Aggregate price paid: SEK 3,070,455.00
All the above trades took place in public trading on NASDAQ OMX Stockholm.
After the above trades, Sanitec held 190,000 own shares in total, and thereby
the maximum amount of shares repurchased under the programme is reached. The
total number of shares in Sanitec Corporation amounts to 100,000,000.
For additional information, please contact:
Head of Investor Relations
mob. 46 76 855 7836
Head of Corporate Communications
tel. 358 10 662 5426
About Sanitec – “Home of the Bathroom”
Sanitec is the leader in bathroom ceramics in Europe. We have a unique portfolio
of some of the most well-known brands with deep roots in the European fixtures
markets, strategically positioned to address local markets. We care passionately
about people’s needs when it comes to complete bathroom concepts, providing
products that stand for guaranteed quality, high level of innovation and
attractive design. Stable relationships with key stakeholders in the value chain
and our unique brand strengths foster our leading position as well as the
loyalty and trust amongst our customers, our network of installers and the end
users of our products.
Sanitec operates an integrated European group with an unparalleled local
presence to provide the best value when it comes to bathroom products. In 2013
net sales amounted to EUR 702 million. Our production network includes 18
production facilities throughout Europe and currently Sanitec employs
approximately 6,200 people. Our head office is located in Helsinki, Finland. The
shares in Sanitec Corporation are traded on NASDAQ OMX Stockholm under the
For more information about Sanitec, please visit www.sanitec.com.
GlobeNewswire, a NASDAQ OMX company, is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.