Treasury shares

Orion holds a total of 571,314 own class B shares as treasury shares. The Company does not hold any own class A shares.

Authorisations of the Board of Directors

The Board of Directors of Orion Corporation was authorised by the AGM of 26 March 2019 to decide on acquiring a total of 350,000 Company's own B shares. Based on the authorisation Orion has acquired a total of 250,000 Company's own B shares during the period of 2-13 May 2019.

The Board of Directors of Orion Corporation was authorised by the AGM of 26 March 2019 to decide on a share issue in which the Company’s own shares held by the Company can be conveyed. Read more about the authorisation.

The Board of Directors is not authorised to increase the share capital or to issue bonds with warrants or convertible bonds or stock options.

Repurchases and transfers of own shares

Repurchase of 500,000 own B shares 3 June - 15 June 2016

Based on the authorisation by the AGM 2016, the Board of Directors of Orion Corporation decided on 27 April 2016 to repurchase 500,000 B shares. The shares were acquired during 3 June - 15 June 2016 in accordance with the terms of the authorisation.

Specification of the daily share acquisitions during 3-15 June 2016

Repurchase of 500,000 own B shares 22 November - 11 December 2013

Based on the authorisation by the AGM 2013, the Board of Directors of Orion Corporation decided on 23 April 2013 to repurchase 500,000 B shares. The shares were acquired during 22 November - 11 December 2013 in accordance with the terms of the authorisation for use as part of the 2013 long-term incentive plan for the Orion Group’s key persons.

Specification of the daily share acquisitions during 22 November - 11 December 2013

Repurchase of 300,000 own B-shares 11-18 August 2010

Based on the authorisation by the AGM 2010, the Board of Directors of Orion Corporation decided on 18 May 2010 to repurchase 300,000 B-shares starting from 11 August 2010, the day after the publication of the Interim Report 1-6/2010.  

The shares were acquired during 11-18 August 2010 in accordance with the terms of the authorisation for use as part of the 2010 long-term incentive plan for the Orion Group’s key persons. 

Specification of the daily share acquisitions during 11-18 August 2010

Repurchase of 350,000 own B-shares 17-20 March 2008

Based on the authorisation by the AGM held on 2 April 2007, Orion's Board of Directors decided on 6 August 2007 on a repurchase of up to 350,000 B-shares for the company’s incentive plan, for conveyance to the persons included in the plan.

The share buybacks started on 17 March 2008 and were completed on 20 March 2008. The daily announcements on the transactions can be found on the website of the Nasdaq Helsinki.

According to the authorisation, the shares can be acquired for the purpose of developing the capital structure of the company, for using them for financing possible corporate acquisitions or other business arrangements of the company, for financing capital expenditure, as part of the company’s incentive plans, or otherwise conveying or invalidating them.

The treasury shares were acquired in public trade on the Stock Exchange in a proportion not corresponding to the shareholders’ holdings. The shares have been acquired at the price of the acquisition moment quoted in public trade on the Stock Exchange, using funds in the company’s non-restricted equity.