Siili Solutions Oyj commences an Equity Buyback Plan for 480,000 shares, representing 6.83% of its issued share capital, under the authorization approved on March 31, 2022.

Siili Solutions Oyj (HLSE:SIILI) commences share repurchases on February 20, 2023, under the program mandated by the shareholders in the Annual General Meeting held on March 31, 2022. As per the mandate, the company is authorized to repurchase up to 480,000 shares, representing lesser than 6.83% of its current share capital. The acquisition of shares lowers the company's distributable free equity. The authorization is valid until the end of the next annual general meeting, but no later than June 30, 2023.

On February 20, 2023, the company announced a share repurchase program. Under the program, the company will repurchase up to 30,000 shares, representing lesser than 0.37% of its current share capital. The company's unrestricted equity is used to purchase the shares. The repurchased shares will be used for share based incentive systems. The commencement of repurchases will start on February 20, 2023 at the earliest and will be end on March 24, 2023. As of February 17, 2023, the company has 8,131,446 shares outstanding.