RAPALA CONTINUES TO BUY BACK OWN SHARES
(Thomson Reuters ONE) - Rapala VMC CorporationStock Exchange ReleaseFebruary 4, 2010 at 1.00 p.m.The Board of Directors of Rapala VMC Corporation (Rapala) has today decided tostart buying back a maximum of 100 000 of Rapala's own shares, equaling to some0.25% of all shares, in accordance with the authorization granted by the AnnualGeneral Meeting on April 7, 2009. The shares will be acquired with company'sfree equity only, and therefore, the acquisition reduces the distributablefunds. The maximum amount to be used for the acquisition is 600 000 euro.Shares will be acquired in public trading on the NASDAQ OMX Helsinki at themarket price quoted at the time of repurchase in accordance with the rulesregarding the acquisition of company's owns shares.Shares will be repurchased to finance or carry out business acquisitions orother investments, to settle the company's equity-based incentive plans, to betransferred for other purposes, or to be cancelled.The repurchasing of shares starts on February 15, 2010 at the earliest and willend on March 31, 2010, at the latest. At the moment, Rapala holds 340 344 of itsown shares.Shares will be acquired in accordance with section 5 of the rules of NASDAQ OMXHelsinki and other rules applicable to the acquisition of own shares.RAPALA VMC CORPORATIONJorma KasslinChief Executive OfficerFor further information, please contact:Jouni Gr?os, Chief Financial Officer, +358 9 7562 540Olli Aho, Company Counsel, +358 9 7562 540Distribution: NASDAQ OMX Helsinki and Main mediaRapala VMC Corporation is a leading fishing tackle company and the global marketleader in fishing lures, treble hooks and fishing related knives and tools. TheGroup also has a strong global position in other fishing categories and it isone of the leading distributors of outdoor, hunting and winter sport products inthe Nordic countries. The Group has the largest distribution network in theindustry. The main manufacturing facilities are located in Finland, France,Estonia, Russia and China. The Group brand portfolio includes the leading brandin the industry, Rapala, and other global brands like VMC, Storm, Blue Fox, LuhrJensen, Williamson, Marttiini and Sufix. The Group, with net sales of EUR 235million in 2009, employs more than 2 000 people in 31 countries. Rapala's shareis listed and traded on the NASDAQ OMX Helsinki stock exchange since 1998.[HUG#1380622] Stock_Exchange_Release _04022010_Own_shares: http://hugin.info/120091/R/1380622/340141.pdf
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Datum: 04.02.2010 - 06:02 Uhr
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