Wärtsilä to start the repurchase of its own shares
The Board of Directors of Wärtsilä Corporation has decided to use the authorisation given by the Annual General Meeting held on 9 March 2023 to repurchase the company’s own shares. The maximum number of shares to be repurchased in one or more instalments is max 1,000,000 shares, corresponding to approximately 0.169% of the total number of the company shares which is 591,723,390. The shares will be repurchased using the company’s unrestricted equity through public trading on Nasdaq Helsinki. The price for the shares will be based on the price prevailing on the market on the day of the repurchase in public trading.
The share repurchases will commence on 26.4.2023 at the earliest and end on 17.5.2023 at the latest. The weighty financial reason for the repurchases is that they are to be used for the payouts under the share-based incentive programs of Wärtsilä Corporation.
The Board of Directors is authorised to resolve to repurchase a maximum of 57,000,000 Wärtsilä’s own shares. The authorisation is valid until the close of the next Annual General Meeting, however no longer than for 18 months from 9 March 2023.
For investor information, please contact:
Hanna-Maria Heikkinen
Vice President, Investor Relations
Tel: +358 10 709 1461
hanna-maria.heikkinen@wartsila.com
Wärtsilä in brief
Wärtsilä is a global leader in innovative technologies and lifecycle solutions for the marine and energy markets. We emphasise innovation in sustainable technology and services to help our customers continuously improve their environmental and economic performance. Our dedicated and passionate team of 17,500 professionals in more than 240 locations in 79 countries shape the decarbonisation transformation of our industries across the globe. In 2022, Wärtsilä’s net sales totalled EUR 5.8 billion. Wärtsilä is listed on Nasdaq Helsinki. http://www.wartsila.com
