Ovaro Kiinteistösijoitus Oyj commences an Equity Buyback Plan for 1,000,000 shares, representing 11.55% of its issued share capital, under the authorization approved on April 13, 2023.
July 10, 2023
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Ovaro Kiinteistösijoitus Oyj (HLSE:OVARO) commences a share repurchases on July 11, 2023, under the program mandated by the shareholders in the Annual General Meeting held on April 13, 2023. As per the mandate, the company is authorized to repurchase up to 1,000,000 shares, representing 11.55% of its issued share capital. The shares will be repurchased using unrestricted equity. The authorization will be valid until June 30, 2024. As of March 20, 2023, the company had 8,656,365 issued and outstanding shares and had 543,635 shares in treasury.
On May 7, 2023, the company announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 3.3% of its share capital. The shares may be repurchased to develop the company's capital structure, to be used as consideration in corporate acquisitions or as part of the company's incentive scheme, and otherwise to be transferred further, retained by the company or cancelled. The program will expire on December 31, 2023, or when the amount has been reached.
Ovaro Kiinteistosijoitus Oyj, formerly Orava Asuntorahasto Oyj, is a Finland-based real estate investment company. The Company owns and manages a portfolio of real estate properties, as well as conducts property management and maintenance activities focusing on its own properties. Ovaro Kiinteistosijoitus Oyj is engaged in the ownership, development and sale of apartments, offices and land. Ovaro Kiinteistosijoitus Oyj focuses on active real estate asset management and real estate and project development. The Company invests in Finnish rental apartments and other real estate sites. Its portfolio consists of apartments, business facilities, and parking lots. Ovaro Kiinteistosijoitus Oyj operates mainly in the growth centers of Finland.
Ovaro Kiinteistösijoitus Oyj commences an Equity Buyback Plan for 1,000,000 shares, representing 11.55% of its issued share capital, under the authorization approved on April 13, 2023.
OVARO KIINTEISTÖSIJOITUS OYJ 
