Kemira Oyj, Stock Exchange Release, July 18, 2025 at 8.20 am (EEST)
Kemira commences a share buyback program
Kemira's Board of Directors has decided to commence a repurchase of Kemira's own
shares (“buyback program”) on the basis of the authorization given by the Annual
General Meeting held on March 20, 2025. The purpose of the buy-pack program is
to optimize Kemira's capital structure and to serve the interests of the
company's diverse shareholder base.
Despite launching the buyback program, Kemira's dividend policy and key
strategic priorities remain unchanged. Kemira continues to pay an attractive and
over-time increasing dividend. The company's strong balance sheet enables
investments in both organic and inorganic growth, and Kemira continues to
actively look for small-to-mid-sized acquisitions, particularly in Water
Solutions.
The main terms of the buyback program are:
· The maximum number of shares to be repurchased is 5,000,000, corresponding
to approximately 3.2% of the total number of shares. The maximum monetary amount
to be used for the program is EUR 100 million.
· The shares will be repurchased in public trading on Nasdaq Helsinki
otherwise than in proportion to the existing shareholdings of Kemira's
shareholders, at the market price quoted at the time of purchase on Nasdaq
Helsinki Ltd, using the Company's non-restricted shareholders' equity.
· The share buyback program shall commence on July 22, 2025, at the earliest,
and end by September 20, 2026, at the latest. Based on the current trading
volumes of Kemira's share, the company estimates that significant part of this
timeframe is needed to complete the buyback program. Repurchased shares will be
cancelled after the program has ended.
Repurchases will be carried out in accordance with the so-called safe harbor
rules referred to in Article 5 of the EU Market Abuse Regulation (EU N:o
596/2014). Kemira has appointed a third-party broker as the lead manager for the
buyback program. The broker will make trading decisions independently, without
influence from Kemira.
For more information, please contact:
Kemira Oyj
Kiira Fröberg, Vice President, Investor Relations
Tel. +35840 7604258
kiira.froberg@kemira.com
Kemira is a global leader in sustainable chemical solutions for water-intensive
industries. We deliver tailored products and services to improve the product
quality, processes, and resource efficiency of our diverse range of customers.
Our focus is on water treatment, as well as on fiberand renewable solutions -
enabling sustainability transformation for our customers. In 2024, Kemira
reported annual revenue of EUR 2.9 billion with a global team of some 4,700
colleagues. Kemira is listed on the Nasdaq Helsinki www.kemira.com