As communicated on 22 April 2021, the Board of Directors of Wärtsilä Corporation decided to use the authorisation given by the Annual General Meeting held on 4 March 2021 to repurchase the company’s own shares.
The repurchases started on 27 April 2021 and ended on 5 May 2021. During this period, Wärtsilä repurchased 1,700,000 shares for an average price of EUR 10.8007 per share, corresponding to approximately 0.29% of the total number of the company’s shares, which is 591,723,390.
The repurchased shares are to be used for pay-outs under the share-based incentive programmes of Wärtsilä Corporation. The shares were repurchased through public trading on Nasdaq Helsinki at the market price prevailing at the time of repurchase.
Following the repurchases, the company holds a total of 1,700,000 shares.
Board of Directors
For further information, please contact:
Executive Vice President, Corporate Relations and Legal Affairs
Tel. +358 10 709 5609
Manager, Investor Relations
Tel. +358 10 709 1114
Wärtsilä in brief
Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency and data analytics, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2020, Wärtsilä’s net sales totalled EUR 4.6 billion with approximately 18,000 employees. The company has operations in over 200 locations in more than 70 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.