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Teleste Corporation
P.O.Box 323
FI-20101 Turku
Finland
Tel. +358 (0)2 260 5611
Verkkolaskutus
OVT-tunnus
003711022678
Operaattori
TietoEnator
Tilinumero TE003711022678
More information
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Company´s own shares
Disposal of own shares in 2009
Teleste Corporation has
disposed 464 736 own shares as consideration in a transaction in which
Teleste Corporation purchased the entire share stock of DINH Telecom S.A
on 4 April 2007. The disposal is based on the authorisation given by the
Annual General Meeting of Shareholders on 7th April 2009.
The
number of the company's shares held by Teleste Corporation and Teleste
Incentive Oy, owned 100 % by Teleste Corporation, after this disposal is
379,985.
Buy-back program 2008-2009
The Annual
General Meeting of Teleste Corporation (Teleste) resolved on April 1, 2008
to authorise Teleste’s Board of Directors to repurchase Teleste’s own
shares for use as consideration in future acquisitions or other
arrangements related to the Company’s business, as financing for
investments or as part of the Company’s incentive program or to be held by
the Company, to be conveyed by other means or to be cancelled.
Based
on the authorisation granted to it by Teleste’s Annual General Meeting,
Teleste’s Board of Directors resolved in its meeting on May 20, 2008 to
repurchase a maximum amount of 500 000 Teleste's own shares.
The
repurchases commenced on May 28th, 2008 and was completed on March 2,
2009. During this time 500 000 own shares were repurchased. After the
buy-back program the total amount of shares in Teleste’s possession was
844 721 shares.
Buy-back program 2001-2002
Prior to
the share buy back program begun on 16 June 2008 the number of shares in
the company possession was 344,721. This number included shares
repurchased in 2001 and 2002 amounting to 620,000 in total. Out of this
number, all in all 275,279 shares have been conveyed in payment for
company acquisitions (257,338) and management bonuses (17,941),
respectively.
Changes in company´s own shares
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