Kamux will start buying back its own shares

HELSINKI, March 20, 2020 / PRNewswire / – Kamux completes the stock market press release published on February 28, 2020 at 8:45 a.m.ET with regard to the maximum monetary amount allocated to the repurchase of own shares. “data-reactid =” 12 “>HELSINKI, March 20, 2020 / PRNewswire / – Kamux completes the stock market press release published on February 28, 2020 at 8:45 a.m.ET with regard to the maximum pecuniary amount allocated to the repurchase of own shares.

The additional information is presented below:

600,000 EUR. “data-reactid =” 14 “> The maximum monetary amount to be used for the buy-back is 600,000 EUR.

The original stock market press release with the supplement is included below:

Kamux to start buying back its own shares

April 12, 2019. The maximum number of shares to be acquired is 82,360, corresponding to approximately 0.2% of the total number of shares. The maximum monetary amount to be used for redemption is 600,000 EUR. “data-reactid =” 17 “> The board of directors of Kamux Corporation has decided to start the repurchase of the company’s own shares for the execution of the profit-sharing plan based on the company’s shares on the basis of the authorization given by the annual general meeting of April 12, 2019. The maximum number of shares to be acquired is 82,360, corresponding to approximately 0.2% of the total number of shares. The maximum monetary amount to be used for redemption is 600,000 EUR.

March 2, 2020 at the earliest and end on March 31, 2020, later. “data-reactid =” 18 “> The shares will be acquired by public negotiation on the Nasdaq Helsinki stock exchange other than in proportion to the shareholders’ shareholding at the market price prevailing at the time of purchase. actions start on March 2, 2020 at the earliest and end on March 31, 2020, later.

April 12, 2019 authorized the board of directors to decide to buy back a maximum of 2,000,000 of the company’s own shares using the company’s unrestricted equity for the execution of profit-sharing plans based on the company or for other purposes determined by the board of directors. “data-reactid =” 19 “> The annual general meeting held on April 12, 2019 authorized the board of directors to decide on the repurchase of a maximum of 2,000,000 own shares of the company by using the equity of the company for the execution of profit-sharing plans based on shares of the company or from other purposes determined by the board of directors.

The total number of shares in Kamux Corporation is 40,017,420. Kamux Corporation holds 2,323 treasury shares.

Finland, Sweden and Germany. Since its founding, the company has sold more than 250,000 used cars, of which 55,432 were sold in 2019. Kamux’s turnover has reached EUR 658.5 million in 2019. In 2019, the average number of Kamux employees was 595 in terms of full-time equivalent. Kamux’s shares are listed on the Nasdaq Helsinki Stock Exchange. “Data-reactid =” 22 “> Kamux Corporation is a rapidly growing retail chain of used cars and related integrated services. Kamux combines online shopping with an extensive network showrooms to deliver an exceptional customer experience anytime, anywhere. In addition to digital channels, the company has 72 car showrooms in total. Finland, Sweden and Germany. Since its founding, the company has sold more than 250,000 used cars, of which 55,432 were sold in 2019. Kamux’s turnover has reached EUR 658.5 million in 2019. In 2019, the average number of Kamux employees was 595 in terms of full-time equivalent. Kamux’s shares are listed on the Nasdaq Helsinki stock exchange.

www.kamux.com“data-reactid =” 23 “>www.kamux.com

Juha Kalliokoski
CEO
Phone. + 358-50-544-5538 “data-reactid =” 25 “>Juha Kalliokoski
CEO
Phone. + 358-50-544-5538

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