The Board of Directors of YIT Corporation has decided to use the authorisation
granted by the Extraordinary General Meeting of the YIT Corporation on October
6, 2008, to purchase a maximum of 12,722,342 company shares, purchased with the
company's unrestricted equity. The maximum number equals 10% of the company's
shares.
The own shares may be purchased to develop the company's capital structure, to
be used as consideration in possible acquisitions or when the company purchases
business assets, or to fund or implement other arrangements, or to be disposed
of in public trading on the NASDAQ OMX Helsinki Ltd or annulled.
The shares will be purchased in disproportion to shareholders' holdings. They
will be purchased in public trading on the NASDAQ OMX Helsinki Ltd and at their
market value at the time of purchase.
The purchases of the shares start at the earliest on November 28, 2008. The
authorization is valid for 18 months from the decision of the Extraordinary
General Meeting.
YIT Corporation does not hold any shares at the moment. |
