Verkkokauppa.com Oyj to commence share buyback program

Core Viewpoint - Verkkokauppa.com Oyj has announced the initiation of a share buyback program, authorized by its Annual General Meeting, aimed at enhancing shareholder value through the repurchase of shares [1][2]. Group 1: Share Buyback Program Details - The company plans to repurchase up to 250,000 shares, which is approximately 0.6% of its total shares outstanding [2]. - The total monetary amount allocated for the share repurchase is EUR 1,125,000 [2]. - The buyback program is set to commence on 28 October 2025 and will conclude by 28 January 2026 at the latest [3]. Group 2: Purpose and Compliance - The repurchased shares will be utilized for the company's share-based incentive plans and other share-based remuneration [3]. - The buybacks will be conducted in accordance with the safe harbor rules outlined in the Market Abuse Regulation (EU) No 596/2014 and the Commission Delegated Regulation (EU) 2016/1052 [3]. Group 3: Management and Operations - A third-party broker has been appointed as the lead manager for the buyback program, ensuring independent trading decisions without influence from Verkkokauppa.com Oyj [4]. - Currently, Verkkokauppa.com holds 49,336 shares in its own treasury [3]. Group 4: Company Overview - Verkkokauppa.com, founded in 1992, is a leading e-commerce platform in Finland, with a revenue of EUR 468 million in 2024 and approximately 600 employees [6]. - The company is listed on the Nasdaq Helsinki stock exchange and is known for its rapid delivery services and competitive pricing [5][6].