Fodelia Oyj commences an Equity Buyback Plan for 500,000 shares, representing 6.7% of its issued share capital, under the authorization approved on April 12, 2022.
March 01, 2023 at 04:30 pm
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Fodelia Oyj (HLSE:FODELIA) commences share repurchases on March 1, 2023, under the program mandated by the shareholders in the Annual General Meeting held on April 12, 2022. As per the mandate, the company is authorized to repurchase up to 500,000 shares, representing 6.7% of its issued share capital. The shares will be repurchased at market price at the time of acquisition in public trading. The repurchased shares will be used to finance or implement possible acquisitions or other arrangements, to implement the company's incentive systems, or for other purposes decided by the board of directors. The repurchase authorization is valid till next annual general meeting, however no later than May 31, 2023.
On February 27, 2023, the company announced a share repurchase program. Under the program, the company will repurchase up to 25,000 shares, representing 0.2% or share capital. The repurchases will commence on March 1, 2023 and will be valid till April 5, 2023. The repurchased shares will be used for personnel reward systems. The program will be financed with the company's distributable free equity.
Fodelia Oyj is a Finland-based food industry holding company. It grows food-industry companies into flourishing international success stories. Fodelia Oyj's subsidiaries offer various kinds of ready meals, snacks, special sausages, and solutions for outsourcing food services. In addition, the Company runs an online ready-made meal store. Fodelia's business includes Real Snacks Oy, a Finnish chips manufacturer that produces snacks and potato chips products under the Oikia brand; Pita Factory Oy, which manufactures pita bread and snacks as well as Fodbar Oy, a joint venture between Fodelia and Bravedo, which offers solutions for outsourcing food services. Fodelia's production facilities are located in Pyhanta, Kokkola, Salo and Jokioinen.
Fodelia Oyj commences an Equity Buyback Plan for 500,000 shares, representing 6.7% of its issued share capital, under the authorization approved on April 12, 2022.
FODELIA OYJ 
