SCANFIL PLC STOCK EXCHANGE RELEASE 30 OCTOBER 2019 9.30 A.M.
SCANFIL PLC HAS COMPLETED THE REPURCHASE OF ITS OWN SHARES
Scanfil has completed the repurchase of its own shares, which began on 9 August 2019 and ended on 29 October 2019. During this period, Scanfil acquired 300,000 of its own shares with an average price of EUR 4.1414 per share. The shares were acquired at the market price quoted at the time of the repurchase in public trading on Nasdaq Helsinki Ltd.
The share repurchase was based on an authorisation granted by the Annual General Meeting of 2019 that authorised the Board of Directors to decide on a repurchase of a maximum of 5,000,000 own shares and on the decision of the Board of Directors on 9 August 2019 regarding a repurchase programme of 300,000 shares.
After the repurchase, Scanfil plc holds a total of 300,000 treasury shares, which is equivalent to approximately 0.46 per cent of all shares of the Company.
CEO Petteri Jokitalo
Tel +358 8 4882 111
Distribution NASDAQ OMX, Helsinki
Scanfil is an international contract manufacturer and system supplier for the electronics industry with 40 years of experience in demanding contract manufacturing. Scanfil provides its customers with an extensive array of services, ranging from product design to product manufacturing, material procurement and logistics solutions. Vertically integrated production and a comprehensive supply chain are the foundation of Scanfil’s competitive advantages: speed, flexibility and reliability.
Typical Scanfil products include mobile and communications network devices, automation system modules, frequency converters, lift control systems, analysers, various slot and vending machines, and devices related to medical technology and meteorology. Scanfil services are used by numerous international automation, energy, IT and health service providers, as well as companies operating in the field of urbanisation. Scanfil’s network of factories consists of 11 production units in Europe, Asia and North America. The total number of employees is about 3,600.