Kojamo plc Insider Information, 31 July 2025 at 12:10 p.m. EEST
Insider Information: Kojamo plc initiates share buyback program
The Board of Directors of Kojamo plc (“Kojamo” or the “Company”) has decided to
initiate a share buyback program based on the authorization granted by the
Annual General Meeting held on 13 March 2025. The shares will be repurchased to
optimize Kojamo's capital structure through the reduction of capital.
Under the buyback program, a maximum of 7,000,000 shares, representing
approximately 2.8 per cent of all the Company's shares, may be repurchased. The
maximum amount to be used for the share buybacks is EUR 75 million. The shares
will be repurchased through public trading on the regulated market of Nasdaq
Helsinki Ltd at the market price prevailing at the time of the repurchase. The
repurchase of the Company's own shares will be financed with the Company's
unrestricted equity.
The share repurchases will commence after the Company's closed period, on 22
August 2025 or as soon as possible thereafter, and they will end no later than 6
March 2026. The repurchased shares will be cancelled.
The repurchases will be carried out in accordance with the safe harbour
procedure under the EU Market Abuse Regulation (Regulation (EU) No 596/2014) and
the Commission Delegated Regulation (EU) 2016/1052.
Kojamo has appointed Nordea Bank Abp as the securities broker of the share
buyback program. The securities broker will make trading decisions independently
of and without influence from Kojamo, within the announced limits. This also
applies to the timing of the trades.
Kojamo may suspend or terminate the program before the planned end date. In such
a case, Kojamo will publish a stock exchange release.
Before the commencement of the buyback program, Kojamo does not hold any of its
own shares.
For more information, please contact:
Erik Hjelt, CFO, Kojamo plc, tel. +358 20 508 3225, erik.hjelt@kojamo.fi
Niina Saarto, Director, Treasury & Investor Relations, Kojamo plc, tel. +358 20
508 3283, niina.saarto@kojamo.fi
Distribution:
Nasdaq Helsinki, key media
Kojamo is Finland's largest private residential real estate company and one of
the biggest investors in Finland. Our mission is to create better urban housing.
Lumo offers environmentally friendly housing and services for the city dweller
who appreciates quality and effortlessness. We actively develop the value of our
investment properties by developing new properties and our existing property
portfolio. We want to be the property market frontrunner and the number one
choice for our customers. Kojamo's shares are listed on the official list of
Nasdaq Helsinki. For more information, please visit https://kojamo.fi/en/