Treasury shares

Orion holds a total of 562,440 own class B shares after the transfer of B shares on 1 March 2018. The Company does not hold any own class A shares.

Authorisations of the Board of Directors

The Board of Directors of Orion Corporation does not have valid authorisation by the AGM to aquire Company's own shares.

The Board of Directors of Orion Corporation was authorised by the AGM of 22 March 2016 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

Date

Number of repurchased / transferred shares

Average price / share

Number of treasury shares (class B)

1 Mar 2018

-112,961

EUR 26.5238

562,440

1 Mar 2017

-107 965

EUR 47.1011

675,401

3 Jun - 15 Jun 2016

+500,000

EUR 33.5319

783,366

1 Mar 2016

-144,350

EUR 31.0826

283,366

2 Mar 2015

-141,949

EUR 28.9172

427,716

3 Mar 2014

-119,326

EUR 23.4802

569,665

22 Nov-11 Dec 2013

500,000

EUR 19.2240

688,991

1 Mar 2013

-137,000

EUR 22.7936

188,991

12 Mar 2012

-87,763

EUR 16.7488

325,991

1 Mar 2011

-102,900

EUR 16.7488

413,754

1 Sep 2010*

2,230

 

516,654

11-18 Aug 2010

300,000

EUR 15.2566

514,424

1 Mar 2010

-65,606

EUR 16.47

214,424

5 Mar 2009

-44,806

EUR 11.97 

280,030

20 Mar 2008

-25,164

EUR 14.09

324,836

17-20 March 2008

350,000

EUR 13.81

 

*) Own B-shares returned free of consideration, by virtue of terms of Share-based Incentive Plan 2007

   

 

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

Date

Amount

Average price
per share, €

Total cost €

Total number of
B-shares held
by the company

3 Jun 2016

75,000

33.0364

2,477,730.00

358,366

6 Jun 2016

45,000

33.1880

1,493,460.00

403,366

7 Jun 2016

70,000

33.9762

2,378,334.00

473,366

8 Jun 2016

45,000

34.1378

1,536,210.00

518,366

9 Jun 2016

45,000

33.8444

1,522,998.00

563,366

10 Jun 2016

50,000

33.6129

1,680,645.00

613,366

13 Jun 2016

65,000

32.8954

2,138,201.00

678,366

14 Jun 2016

55,000

32.5525

1,790,387.50

733,366

15 Jun 2016

50,000

34.9598

1,747,990.00

783,366

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

Date

Amount

Average price
per share, €

Total cost €

Total number of
B-shares held
by the company

22 Nov 2013

42,000

19.5473

820,986.60

230,991

25 Nov 2013

30,000

19.4042

582,126.00

260,991

26 Nov 2013

37,000

19.3297

715,198.90

297,991

27 Nov 2013

37,000

19.2443

712,039.10

334,991

28 Nov 2013

36,000

19.3678

697,240.80

370,991

29 Nov 2013

38,000

19.3743

736,223.40

408,991

2 Dec 2013

27,000

19.3332

521,996.40

435,991

3 Dec 2013

49,000

19.0075

931,367.50

484,991

4 Dec 2013

49,000

18.7393

918,225.70

533,991

5 Dec 2013

49,000

18.6246

912,605.40

582,991

9 Dec 2013

49,000

19.4312

952,128.80

631,991

10 Dec 2013

37,000

19.5465

723,220.50

668,991

11 Dec 2013

20,000

19.4313

388,626.00

688,991

 

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

Date

Amount

Average price
per share, €

Total cost €

Total number of
B-shares held
by the company

11 Aug 2010

53,000

15.1573

803,336.90

267,424

12 Aug 2010

100,000

15.1919

1,519,190.00

367,424

13 Aug 2010

36,000

15.2167

547,801.20

403,424

16 Aug 2010

36,000

15.3387

552,193.20

439,424

17 Aug 2010

60,000

15.3714

922,284.00

499,424

18 Aug 2010

15,000

15.4783

232,174.50

514,424

 

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.