November 19, 2012 at 02:30 AM EST
Vacon Completed Share Repurchases

Vacon Plc, Stock Exchange Release, 19 November 2012 at 9.30 am (EET)

The share repurchases announced by Vacon Plc on 1 August, 2012 have been completed. The Company has purchased through public trading in accordance with the rules of on the NASDAQ OMX Helsinki Ltd. a total of 60,000 Company`s own shares at an average price of EUR 38.77 per share.

After the repurchases, the Company holds a total of 83,227 own shares   corresponding to approximately 0.54% of the total number of the shares and votes. 

Vacon Plc

Further information:

  • Vesa Laisi, President and CEO, Vacon Plc, tel. +358(0)40 8371 510, email vesa.laisi(at)vacon.com
  • Sebastian Linko, Director, Corporate Communications and Investor Relations, Vacon Plc, tel. +358 (0)40 8371 634, email sebastian.linko(at)vacon.com

Vacon in brief:

Vacon is driven by a passion to develop, manufacture and sell the best AC drives and inverters in the world - and to provide efficient life-cycle services for its customers. Our AC drives offer optimum process control and energy efficiency for electric motors. Vacon inverters are a key component in producing energy from renewable sources. Vacon has R&D and production units in Europe, Asia and North America, and sales companies in 27 countries. Vacon also has sales and service representatives in almost 90 countries. In 2011, Vacon had revenues of EUR 380.9 million and globally employed 1,500 people. The shares of Vacon Plc (VAC1V) are quoted on the main list of the Helsinki stock exchange (NASDAQ OMX Helsinki).

Driven by Drives, www.vacon.com  

Distribution:

NASDAQ OMX Helsinki
Main Media
Financial Supervisory Authority

 




This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

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: Vacon Oyj via Thomson Reuters ONE

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