Talentum repurchased its shares previously in 2008 and currently holds 681,000 treasury shares.
The Annual General Meeting on 1 April 2011 authorised the Board of Directors to decide on the acquisition of own shares.
The shares can be acquired for the value determined by the Board of Directors and based on the fair value of the shares in public trading at the time of their acquisition. Own shares may be only acquired using unrestricted equity.
Based on this authorisation, own shares may be acquired in one or several lots, but limited to a total of 3,500,000 shares, which corresponds to approximately eight (8) per cent of the issued shares of the company.
The Board of Directors is otherwise authorised to decide on all terms and conditions regarding the acquisition, including the manner of acquisition of the shares. The authorisation does not exclude the right of the Board of Directors to also decide on a directed acquisition of own shares, providing that there are strong financial grounds for the company to do so.
The authorisation will remain in force until 30 June 2012.