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Transfer of Boreo Plc's own shares
BOREO PLC Stock exchange release 14 May 2024 at 16:00 EET
Transfer of Boreo Plc's own shares
Based on the decision of the General Meeting held on 17 April 2024, Boreo Plc has on 14 May 2024 transferred a total of 2,295 own shares possessed by the company to the members of the Board of Directors of Boreo as part of the Board's remuneration.
After the transfer, the company possesses 11,716 own shares.
Boreo Plc's General Meeting on 17 April 2024 decided that 40 % of the total amount of the board fees payable to the ordinary members of the Board by the next annual general meeting will be paid by company's own shares and 60 % of the total amount of the fees payable will be paid in cash. The remuneration for the Chairman of the Board will be paid fully in cash.
Further information:
Aku Rumpunen
CFO
mobile +358 40 556 3546
Distribution:
NASDAQ Helsinki Ltd
Principal media
www.boreo.com
Boreo in brief:
Boreo is a company listed on Nasdaq Helsinki that creates value by owning, acquiring and developing small and medium-sized companies in the long-term. Boreo's business operations are organized into two business areas: Electronics and Technical Trade.
Boreo's primary objective is sustainable long-term profit generation. This is achieved with a business model that is based on the acquisition and ownership of great entrepreneurial companies with ability to generate sustainable long-term earnings growth and strong cash flows. The profits generated by the portfolio of companies are re-invested back to operations or to acquisitions with attractive expected returns on capital. The decentralized operating structure promoting culture of ownership and release of entrepreneurial energy is a core pillar of the firm's business concept and sustainable earnings growth is ensured through the support and coaching of companies and the personnel.
The Group's net sales in 2023 were EUR 161 million and it employs over 300 people in seven countries. The company's headquarter is in Vantaa.
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BOREO OYJ 
