Fondia Plc

Company release      

18.3.2024 at 3.20 p.m. EET

Fondia has completed its own share repurchase programme, which the company announced on 1 September 2023.The repurchases of own shares started on 4 September 2023 and ended on 15 March 2024. During this period, Fondia repurchased a total of 54,323 of its own shares, with a total value of EUR 356,633.60 and an average price of EUR 6.57 per share. The shares were acquired in public trading on the Nasdaq First North Growth Market Finland at the market price at the time of acquisition.

The treasury shares were acquired in accordance with the authorisation granted to the Board of Directors by Fondia's Annual General Meeting on 23 March 2023 for the purpose of developing the company's capital structure, for transfer for the purpose of financing or implementing possible acquisitions, investments or other arrangements relating to the company's business, for use in the company's incentive schemes or otherwise for further transfer, retention or annulment.

Fondia Plc holds a total of 3,953,134 shares. The company currently holds 149,454 treasury shares, representing approximately 3.78% of the total number of shares in the company.

Fondia Plc

For further information, please contact:

CEO Harri Savolainen

tel. +358 40 774 2099

Certified Adviser Aktia Alexander Corporate Finance Oy

tel. +358 50 520 4098

Fondia in brief

Fondia solves the legal needs of companies by combining the best services from internal legal departments and law firms. Fondia operates in Finland, Sweden, Estonia, and Lithuania, and the Group's net sales in 2023 were EUR 26.1 million. Fondia employs over 190 people.

www.fondia.com

Distribution:
Nasdaq Helsinki Ltd
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