Harvia starts repurchasing own shares for its incentive plan

Harvia Plc, Stock Exchange Release, December 9, 2024 at 3:00 pm EET

The Board of Directors of Harvia Plc has on the basis of the authorization given by the Annual General Meeting dated 26 April 2024, decided to start repurchasing the company’s own shares. The shares shall be repurchased to be used as a part of the company’s incentive plan. The maximum number of shares to be acquired is 11,000, corresponding to 0,06% of the total number of shares. The maximum sum to be used for the repurchase is EUR 520.000. The shares shall be acquired at market price at the time of purchase through public trading on Nasdaq Helsinki Ltd. The share repurchase shall at the earliest start on 10 December 2024, and end by 31 March 2025.

The Annual General Meeting on 26 April 2024 authorized the Board of Directors to decide on the repurchase of a maximum of 934,711 of the company’s own shares (approx. 5,0% of all shares of the company). Own shares shall be repurchased with funds from the company’s unrestricted shareholders’ equity.

The total number of shares in Harvia Plc is 18,694,236. At the moment, Harvia Plc holds 4,207 of its own shares.

Additional information:

Ari Vesterinen, CFO
tel. +358 40 5050 440
ari.vesterinen@harvia.com

Harvia is one of the leading companies operating in the sauna market globally, as measured by revenue. Harvia’s brands and product portfolio are well known in the market, and the company’s comprehensive product portfolio strives to meet the needs of the international sauna market of both private and professional customers.

Harvia’s revenue totaled EUR 150.5 million in 2023. Harvia Group employs over 600 professionals in Finland, Germany, United States, Romania, China and Hong Kong, Austria, Italy, Estonia, and Sweden. The company is headquartered in Muurame, Finland, adjacent to its largest sauna and sauna component manufacturing facility.

Read more: https://harviagroup.com