Rapala VMC Corporation
Stock Exchange Release
November 17, 2011 at 11.00 a.m.
The Board of Directors of Rapala VMC Corporation (Rapala) has decided to start buying back a maximum of 100 000 of Rapala's own shares, equaling to some 0.25% of all shares, in accordance with the authorization granted by the Annual General Meeting on April 5, 2011. The shares will be acquired with company's free equity only, and therefore, the acquisition reduces the distributable funds. 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 the market price quoted at the time of repurchase in accordance with the rules regarding the acquisition of company's owns shares.
Shares will be repurchased to finance or carry out business acquisitions or other investments, to settle the company's equity-based incentive plans, to be transferred for other purposes, or to be cancelled.
The repurchasing of shares starts on November 28, 2011 at the earliest and will end on December 31, 2011, at the latest. At the moment, Rapala holds 540 198 of its own shares.
Shares will be acquired in accordance with section 5 of the rules of NASDAQ OMX Helsinki and other rules applicable to the acquisition of own shares.
RAPALA VMC CORPORATION
Jorma Kasslin
President and Chief Executive Officer
For further information, please contact:
Jussi Ristimäki, Chief Financial Officer, +358 9 7562 540
Olli Aho, Company Counsel, +358 9 7562 540
Distribution: NASDAQ OMX Helsinki and Main media
Rapala VMC Corporation (Rapala) is a leading fishing tackle company and the global market leader in fishing lures, treble hooks and fishing related knives and tools. The Group also has a strong global position in other fishing categories and it is one of the leading distributors of outdoor, hunting and winter sport products in the Nordic countries. The Group has the largest distribution network in the industry. The main manufacturing facilities are located in Finland, France, Estonia, Russia, China and the UK. The Group brand portfolio includes the leading brand in the industry, Rapala, and other global brands like VMC, Sufix, Storm, Blue Fox, Luhr Jensen, Williamson, Dynamite Baits, Marttiini and Peltonen. The Group, with net sales of EUR 269 million in 2010, employs more than 2 000 people in 33 countries. Rapala's share is listed and traded on the NASDAQ OMX Helsinki stock exchange since 1998.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Rapala VMC Oyj via Thomson Reuters ONE
