CapMan Plc starts share repurchases
CapMan Plc Stock Exchange Release 8 August 2008 10.10 a.m. CET
CapMan Plc Board of Directors has decided to start purchases of a maximum of 1,000,000 CapMan Plc B shares. The decision is based on the authorization granted by the Annual General Meeting on 27 March 2008 to purchase at maximum 8,000,000 B shares. The purchases will start on 18 August at the earliest, and they will end by 30 June 2008.
The shares may be repurchased in order to finance or carry out acquisitions or other business transactions, in order to develop the Company's capital structure, to improve the liquidity of the Company's shares, to be disposed for other purposes, or to be cancelled.
The repurchases will be carried out through public trading on the OMX Nordic Exchange Helsinki, whereby the shares will be purchased in another proportion than according to the holdings of the shareholders and in accordance with the rules and regulations of the OMX Nordic Exchange Helsinki and the Finnish Central Securities Depository.
For more information, please contact:
Kaisa Arovaara, CFO, CapMan Plc, tel. +358 207 207 583
Helsinki Stock Exchange
CapMan is one of the leading alternative asset managers in the Nordic countries and manages Nordic funds with approximately EUR 3.2 billion in total capital. CapMan has six investment areas (CapMan Buyout, CapMan Technology, CapMan Life Science, CapMan Russia, CapMan Public Market and CapMan Real Estate), and each of them has a dedicated team and funds. Altogether CapMan employs 130 people in Helsinki, Stockholm, Copenhagen, Oslo and Moscow. CapMan was established in 1989 and its B shares are listed on the Helsinki Stock Exchange since 2001.