Share & shareholders Share Repurchases

FOR INVESTORS

Share Repurchases

Resolutions of Comptel Corporation's Annual General Meeting held on April 6, 2016

Repurchase of company's own shares

 

The AGM authorised the Board of Directors to decide on repurchase of the company's own shares up to a maximum number of 10,700,000 shares as follows: The Company's own shares shall be repurchased otherwise than in proportion to the holdings of the shareholders using the non-restricted equity at the market price of the shares in public trading through NASDAQ OMX Helsinki Ltd at the time of the acquisition. The shares will be purchased and paid according to the rules of NASDAQ OMX Helsinki Ltd and Euroclear Finland Ltd. The shares shall be repurchased for strengthening or developing the Company's capital structure, to be used in financing or implementing acquisitions or other arrangements, to implement the Company's share-based incentive programs or to be conveyed by other means or to be cancelled. 

The Board of Directors shall decide on other terms and conditions related to the repurchase of the Company's own shares. The authorisation to repurchase the Company's own shares shall be valid until 30 June 2017. The authorisation will cancel the corresponding authorisation decided in the Annual General Meeting of 9 April 2015. 

Decide on share issues

The AGM authorised the Board of Directors to decide on share issues and granting of share options and other special rights entitling to shares as follows: 

The Board of Directors was authorised to decide on issuing new shares and/or conveying the Company's own shares held by the Company either against payment or for free. In addition, the Board of Directors was authorised to grant share options and other special rights referred to in Chapter 10, Section 1 of the Companies Act, which carry the right to receive, against payment, new shares of the Company or the Company's own shares held by the Company in such a manner that the subscription price of the shares is paid in cash or by using the subscriber's receivable to set off the subscription price. 

A maximum of 21,400,000 new shares, including the shares received on basis of the special rights, can be issued. A maximum of 10,700,000 of the Company's own shares held by the Company can be conveyed and/or received on basis of the special rights. 

The new shares can be issued and the Company's own shares held by the Company conveyed to the Company's shareholders in proportion to their present holding or by means of a directed issue, waiving the pre-emptive rights of the shareholders, if there is a weighty financial reason for the Company to do so, such as using the shares to strengthen or to develop the Company's capital structure, as financing or in implementing acquisitions or other arrangements or in implementing the Company's share-based incentive programs. 

The authorisation also entitles to decide on a free share issue to the Company itself. The number of shares to be issued to the Company shall not exceed 10,700,000, including the number of own shares acquired by the Company by virtue of the authorisation to repurchase the Company's own shares. 

The subscription price of the new shares and the consideration paid for the Company's own shares shall be recorded in the invested non-restricted equity fund. The Board of Directors shall decide on other terms and conditions related to the authorizations. 

The authorisations shall be valid until 30 June 2017, apart from the authorisation concerning the implementation of the Company's share-based incentive programs, which will be valid for five (5) years after the decision by the Annual General Meeting. The authorisation will cancel the corresponding authorisation decided in the Annual General Meeting of 9 April 2015. 

2015

Comptel Corporation:Change in Comptel's Holding of Own Shares 21.5.2015

Comptel Corporation: Share-based Compensation to the Board of Directors of Comptel Corporation 16.4.2015

 

2014

Comptel Corporation: Comptel’s Share Repurchases Completed 19.11.2014

Comptel Corporation: Changes in company's own shares 18.11.2014

Comptel Corporation: Changes in company's own shares 17.11.2014

Comptel Corporation: Changes in company's own shares 14.11.2014

Comptel Corporation: Changes in company's own shares 13.11.2014

Comptel Corporation: Changes in company's own shares 12.11.2014

Comptel Corporation: Changes in company's own shares 11.11.2014

Comptel Corporation: Changes in company's own shares 10.11.2014

Comptel Corporation: Changes in company's own shares 07.11.2014

Comptel Corporation: Changes in company's own shares 06.11.2014  

Comptel Corporation: Changes in company's own shares 05.11.2014

Comptel Corporation: Changes in company's own shares 04.11.2014

Comptel Corporation: Changes in company's own shares 03.11.2014  

Comptel Corporation: Changes in company's own shares 31.10.2014

Comptel Corporation: Changes in company's own shares 30.10.2014

Comptel Corporation: Changes in company's own shares 29.10.2014

Comptel Corporation: Changes in company's own shares 28.10.2014

Comptel Corporation: Changes in company's own shares 27.10.2014

Comptel Corporation: Changes in company's own shares 24.10.2014

Comptel Corporation: Changes in company's own shares 23.10.2014

Comptel Corporation: Changes in company's own shares 22.10.2014

Comptel Corporation: Chagnes in company's own shares 22.9.2014

Comptel Corporation: Changes in company's own shares 19.09.2014

Comptel Corporation: Changes in company's own shares 18.09.2014

Comptel Corporation: Changes in company's own shares 17.09.2014

Comptel Corporation: Changes in company's own shares 16.09.2014

Comptel Corporation: Changes in company's own shares 15.09.2014

Comptel Corporation: Changes in company's own shares 12.09.2014

Comptel Corporation: Changes in company's own shares 11.09.2014

Comptel Corporation: Changes in company's own shares 10.09.2014

Comptel Corporation: Changes in company's own shares 09.09.2014

Comptel Corporation: Changes in company's own shares 08.09.2014

Comptel Corporation: Changes in company's own shares 05.09.2014

Comptel Corporation: Changes in company's own shares 04.09.2014

Comptel Corporation: Changes in company's own shares 03.09.2014

Comptel Corporation’s Repurchase of Company’s Own Shares and Share-based Compensation to the President and CEO of Comptel 01.09.2014   


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