Cargotec will start to repurchase own shares

Cargotec Corporation’s Board of Directors has decided to exercise the authorisation of the Annual General Meeting on 20 March 2018 to repurchase company’s own shares. Cargotec will repurchase maximum 150,000 class B shares to be used as reward payments for Cargotec’s share-based incentive programmes. The shares will be purchased at public trading on Nasdaq Helsinki Ltd. at the market price. The repurchases will start on 20 July 2018 at the earliest. According to the authorisation given to the Board of Directors by the Annual General Meeting, the maximum amount of shares that can be acquired is 952,000 class A shares and 5,448,000 class B shares.
Source: Cargotec