Digital Workforce Services Plc has decided to start the acquisition of the company’s own shares

Company Announcement May 7, 2024 at 9am EEST 

Digital Workforce Services Plc has decided to start the acquisition of the company’s own shares

Based on the authorization given by the Annual General Meeting on 11 April 2024, the Board of Directors of Digital Workforce Services Plc has decided to start the acquisition of the company’s own shares. The maximum number of shares to be acquired is 110 000 which corresponds to approximately 1 per cent of the company’s shares. However, the amount used for acquiring shares will be at most EUR 200 000.

The shares are acquired otherwise than in proportion to the shareholdings of the shareholders by public trading at the market price at the time of acquisition on the Nasdaq First North Growth Market Finland marketplace maintained by Nasdaq Helsinki Oy. The acquisition of the company’s own shares starts on 8 May 2024 at the earliest and ends on 30 June 2025 at the latest. The acquisition of the company’s own shares is paid for with the company’s distributable unrestricted equity.

The purpose of the acquisition of the company's own shares is to use the shares as a vehicle in potential acquisitions, possibly as part of the company's share-based incentive schemes, and otherwise to be reassigned, held by the company, or cancelled.

The Annual General Meeting held on 11 April 2024 authorized the Board of Directors to decide on the acquisition of at most 1 126 433 of the company’s own shares.

Digital Workforce Services Plc has a total of 11 268 843 shares and votes. Currently, Digital Workforce Services Plc holds 75 358 of its own shares.

For further information, please contact:

Jussi Vasama, CEO, Digital Workforce Services Plc, Tel. +358 50 380 9893

Certified advisor 

Aktia Alexander Corporate Finance Oy, Tel. +358 50 520 4098