An Extraordinary General Meeting of the YIT Corporation held on 6 October 2008, has decided to authorise the Board of Directors to purchase the company's shares and to dispose them, as proposed by the Board of Directors.
At the table below, the number and nominal value of the share has not been changed due to split. The figures reflect the situation of the given date.
Purchase and disposal of own shares 2008
|
Date |
Change, number |
Own shares, total |
Incident |
| Oct 6 | -- | 0 | An Extraordinary General Meeting of the YIT Corporation held on 6 October 2008, has decided to authorise the Board of Directors to purchase the company's shares and to dispose them, as proposed by the Board of Directors. The authorisation granted to the Board of Directors covers the acquisition of a maximum of 12,722,342 company shares, purchased with the company's unrestricted equity, and the assignment of the shares according to conditions described in more detail elsewhere. |
| Nov 28 | 470,000 | 470,000 | On November 28, 2008 YIT Corporation purchased 470,000 of its own shares at the average price of EUR 4.67. After the transfer, the company held 470,000 of its own shares. |
| Dec 1 | 430,000 | 900,000 | On December 1, 2008 YIT Corporation purchased 430,000 of its own shares at the average price of EUR 4.68. After the transfer, the company held 900,000 of its own shares. |
| Dec 2 | 450,000 | 1,350,000 | On December 2, 2008 YIT Corporation purchased 450,000 of its own shares at the average price of EUR 4.57. After the transfer, the company held 1,350,000 of its own shares. |
| Dec 3 | 75,000 | 1,425,000 | On December 3, 2008 YIT Corporation purchased 75,000 of its own shares at the average price of EUR 4.54. After the transfer, the company held 1,425,000 of its own shares. |
|
|
Purchase and disposal of own shares 2001 - 2007
|
Date |
Change, number |
Own shares, total |
Incident |
|
2001 |
|||
|
Jan 1 |
757,300 |
757,300 |
YIT Corporation has repurchased its own shares mainly to be used in acquisitions. At the beginning of 2001, YIT held a total of 757,300 of its own shares, representing 2.6 per cent of the shares outstanding and the votes conferred to them. The shares had been acquired at Helsinki Stock Exchange on the basis of the decisions taken by the Annual General Meetings in the previous years. |
|
Feb 26 |
-660,000 |
97,300 |
On February 26, 2001, the company transferred 660,000 of its own shares as part of the purchase price during the acquisition of the shares outstanding in Calor AB. After the transfer, the company held 97,300 of its own shares. |
|
Mar 8 |
-- |
97,300 |
The Annual General Meeting held on March 8, 2001 decided to purchase a minimum of 200 to a maximum of 700,000 of the company's own shares. In addition, the Annual General Meeting authorized the Board of Directors to decide on the disposal of a maximum of 797,300 of the company's own shares. |
|
Apr 1 -Dec 31 |
+417,979 |
515,279 |
During the period April 1 to December 31, 2001, a total of 417,979 shares were purchased at the average price of EUR 12.59. On December 31, 2001, the company held a total of 515,279 of its own shares, representing 1.8% of the shares outstanding. |
|
2002 |
|||
|
January |
+52,021 |
567,300 |
In January 2002, the company purchased a total of 52,021 of its own shares at the average price of EUR 13.63. On January 31, 2002, the company held a total of 567,300 of its own shares. |
|
Mar 7 |
-- |
567,300 |
The Annual General Meeting held on March 7, 2002 decided to purchase a minimum of 200 to a maximum of 700,000 of the company's own shares. In addition, the Annual General Meeting authorized the Board of Directors to decide on the disposal of a maximum of 1,267,300 of the company's own shares. The authorization was valid one year from the Annual General Meeting onwards. |
|
November |
+200 |
567,500 |
In November, the company purchased 200 own shares at the average price of EUR 15.49. On December 31, 2002 the company held a total of 567,500 of the company's own shares, representing 1.9 per cent of the total amount of the shares outstanding. The subsidiaries did not own YIT Corporation's shares. No own shares were transferred during the year 2002. |
|
2003 |
|||
|
Mar 13 |
-- |
0 |
No own shares were purchased or transferred before the Annual General Meeting in the spring 2003. The Annual General Meeting on March 13, 2003 authorized the Board of Directors to decide on the disposal of max. 567,500 of the company's own shares. |
|
Aug 29 |
-- |
0 |
The Board of Directors decided on August 29, 2003, under the authorization granted by the Annual General Meeting, to dispose of a maximum of 567,500 YIT shares owned by the company as part of the financial arrangements related to the Building Systems business acquired from ABB. |
|
Sep 5 |
-567,500 |
0 |
On September 5, 2003, YIT published a Stock Exchange Release where was told that the shares can be transferred at Helsinki Stock Exchange either in continuous trading, after-hours trading at the daily price or as a contractual trade. The shares will be offered to investors by means of the bookbuilding method. On September 5, 2003, YIT sold all of the 567,500 YIT shares it had in its possession. At the end of the year 2003, YIT did not have any own shares in its possession. Neither did it have any valid authorization to purchase or transfer its own shares. |
|
2004 |
|||
|
-- |
-- |
0 |
At the beginning of the year 2004, YIT did not have any own shares in its possession. Neither did the Annual General Meeting on March 18, 2004 decide on authorization to purchase or transfer own shares. |
|
2005 |
|||
|
Mar 16 |
-- |
0 |
The Annual General Meeting unanimously decided to purchase a minimum of 200 to a maximum of 2,000,000 of the company’s own shares with distributable shareholders’ equity in accordance with the proposal by the Board of Directors. The Annual General Meeting unanimously resolved to authorize the Board of Directors to decide on the disposal of a maximum of 2,000,000 of the company’s own shares which have been previously acquired by the company or will be acquired for the company on the basis of the decision described above in such a manner and for such purposes as are meant in the proposal by the Board of Directors. |
|
Dec 16 |
+200 |
200 |
On December 16, the company purchased 200 own shares at the average price of EUR 35.25. |
|
2006 |
|||
|
Mar 24 |
+200 |
400 |
Due to the halving of the nominal value of the share, the number of shares doubled and the share price was halved on March 24, 2006. |
|
2007 |
|||
|
Apr 10 |
-400 |
0 |
YIT Corporation's Board of Directors decided to annul the 400 YIT shares in the company's possession. The annulment was entered in the Trade Register on April 10, 2007. |
Updated December 4, 2008
InvestorRelations@yit.fi
Stock exchange release Nov 20, 2008
YIT Corporation begins the purchase of the company's own shares
Read the release >>