Release details

2018-06-14 16:50 CEST
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Efecte Plc: Change in holding of treasury shares

EFECTE PLC -- COMPANY ANNOUNCEMENT -- 14 June 2018 at 17:50

Efecte Plc: Change in holding of treasury shares

Efecte has conveyed 8807 treasury shares to the members of the Efecte's Board of Directors as a part of the Board members' annual remuneration in accordance with the decision of the Annual General Meeting on 5 April 2018. The amount of shares is based on the monthly remuneration decided by the Annual General Meeting and the average share price between 28 May and 1 June 2018.

Following the transaction, Efecte holds 4753 shares in treasury.

Further enquiries:

Hannu Nyman
Efecte Plc
+358 50 306 9913

Certified Adviser:
Evli Bank Plc, tel +358 9 4766 9926

Efecte Plc

Efecte is a Finnish software company that provides cloud-based service and identity management software solutions, as well as related consultancy services. They simplify and improve the efficiency of managing the services, IT systems and infrastructure in an organization. Measured by number of customers, Efecte is one of the leading software vendors in its field to large, medium-sized and public organizations in Finland and the Nordic countries. The Company was founded in 1998. In addition to Finland, it has operations in Sweden, Denmark, and Germany. Efecte employs around 100 professionals and had a turnover of 10.6 million euros in 2017.