Comptel Corporation Stock Exchange Release 27 August 2014 at 3:00 p.m.
Repurchase of Company’s Own Shares
The Board of Directors has decided to repurchase company’s own shares in public trading through NASDAQ OMX Helsinki Ltd as authorized at the Annual General Meeting held 12 March 2014. Annual General Meeting authorized the Board of Directors to repurchase the shares for strengthening or developing the Company’s capital structure, to be used in financing or implementing acquisitions or other arrangements, to implement the Company’s share-based incentive programs or to be conveyed by other means or to be cancelled.
The company shall repurchase the company’s own shares up to a maximum of 500,000 shares that is approximately 0.47% of the entire share capital. The repurchase shall start on 28 August 2014 at the earliest and shall finish by the Annual General Meeting held in 2015. The shares shall be repurchased at the market price of the shares in public trading through NASDAQ OMX Helsinki Ltd at the time of the acquisition.
Before this repurchase, the company holds a total of 239 own shares.
COMPTEL CORPORATION
Juhani Hintikka
President and CEO
For further information, please contact
Juhani Hintikka, President and CEO, tel. +358 9 7001131
Distribution:
NASDAQ OMX Helsinki
Major Media
Since 1986, Comptel has helped more than 290 service providers across 87 countries meet over one billion subscribers’ communications and infotainment needs. Comptel’s solutions are built on an event – analysis – action strategic framework that leverages the company’s strengths in event data processing and advanced predictive analytics to enable real-time action. Comptel’s service fulfillment, mediation, charging and policy control, and predictive social analytics products with implementation and professional services enable service providers to enhance customer engagement and, in turn, create revenue, reduce costs and lessen churn. Comptel has a global team of nearly 700 professionals, and net sales were EUR 83 million in 2013. For more information, visit www.comptel.com