Siili Solutions Plc: Decision to Commence Share Buyback Programme

Core Viewpoint - Siili Solutions Plc has announced a share buyback program, authorized by the Annual General Meeting, allowing the repurchase of up to 31,000 shares, which is approximately 0.38% of the total shares outstanding [1][5]. Summary by Sections Share Buyback Details - The maximum total consideration for the repurchase is approximately 193,000 euros based on the closing price prior to the announcement [2]. - Currently, the company holds 689 of its own shares, and the repurchases will be executed using the company's distributable equity [2]. Execution and Regulations - The repurchases will be conducted in compliance with the Market Abuse Regulation (EU) No 596/2014 and the Commission Delegated Regulation (EU) 2016/1052 [3]. - Nordea has been appointed to execute the repurchases, adhering to applicable price and volume limits [3]. - The buyback program will commence no earlier than June 1, 2025, and conclude no later than July 31, 2025 [3]. Shareholder Impact and Purpose - The repurchases will not be executed in proportion to shareholders' holdings, and the repurchased shares are intended for use in the company's share-based incentive plans [4]. - The Board of Directors has the authority to decide on the repurchase of up to 814,000 shares, valid until the next Annual General Meeting or until June 30, 2026, whichever comes first [5]. Company Overview - Siili Solutions Plc specializes in AI-powered digital development and serves clients in Finland, the Netherlands, the United Kingdom, and Germany [6]. - The company has experienced profitable growth since its establishment in 2005 and is listed on the Nasdaq Helsinki Stock Exchange [6].