Konecranes launches buyback to cut capital, cancel up to 4,250,000 shares
Bitget2026/09/24 15:50- Konecranes set a share repurchase program to buy shares for capital reduction, with acquired shares to be cancelled by program end.
- Program cap set at EUR 100 million, limited to 4,250,000 shares, about 1.8% of total shares.
- Purchases to be made on Nasdaq Helsinki at market prices using unrestricted equity, outside shareholders’ proportional holdings.
- Repurchases scheduled no earlier than Nov. 1, 2026, ending no later than March 17, 2027; monthly spend capped at EUR 25 million.
- Before launch, the company held 22,911 treasury shares directly or via subsidiaries.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Gold Fields said to weigh sweetening Northern Star bid with cash
Under continuous pressure from inflation and interest rate hike concerns, US Treasury sell-off intensifies; 30-year yield once surpassed 5.6%, hitting a more than 24-year high
U.S. long-term Treasury yields continued to rise on Tuesday, extending the recent sharp upward trend.
The US releases the final batch of strategic oil reserves, up to 40 million barrels, urging Europe to follow suit.
This is the final batch of the 172 million barrels of reserves released by the United States in this round; after this release, the U.S. Strategic Petroleum Reserve will drop to its lowest level since 1982, approaching legal and operational red lines. Meanwhile, the U.S. Secretary of Energy criticized some European countries for releasing far less than expected, urging them to fulfill their commitments. Currently, gasoline and diesel prices in the U.S. remain high, and less than two months remain until the midterm elections. On Tuesday, WTI crude oil futures fell by 3.95%.
Raphael Zagury: Bitcoin will eventually surpass gold
Crypto prices
More
