Source: DNA Ltd
DNA PLC STOCK EXCHANGE RELEASE 15 September 2017 at 11:15
DNA completed share repurchase programme.
On 18 May 2017, on the basis of the authorisation of the Annual General Meeting of 22 March 2017, DNA Plc's Board of Directors decided to repurchase DNA shares and establish a share repurchase programme.
The share repurchase programme started on 1 June 2017 and ended on 14 September 2017. During this period, DNA repurchased 967,897 shares with average price per share of 14.46 euros. The repurchased shares will be used to fulfil obligations related to the company's share-based incentive schemes. After the repurchase programme, DNA holds a total of 967,897 own shares that corresponds to approximately 0.73% of all DNA shares.
The shares were purchased at market price on the acquisition date through trading on a regulated market organised by Nasdaq Helsinki Ltd. The broker for the share repurchase programme was OP Corporate Bank Plc.
DNA Plc is a Finnish telecommunications group providing high-quality voice, data and TV services for communication, entertainment and working. DNA is Finland's largest cable operator and the leading pay TV provider in both cable and terrestrial networks. For DNA, the key area for growth in corporate business is the new way of working, independent of time and place, facilitated by smart terminal devices, diverse communications services and rapid connections. In 2016, DNA recorded net sales of EUR 859 million and an operating profit of EUR 91 million. DNA has more than 3.8 million subscriptions in its fixed and mobile communications networks. The Group also includes DNA Store, Finland's largest retail chain selling mobile phones. DNA shares are listed on Nasdaq Helsinki Ltd. For further information, visit www.dna.fi or follow us on Twitter @DNA_fi, @DNA_Business and @DNA_Palvelu and Facebook.