Amer Sports' board said it decided to utilize the authorization given by the Annual General Meeting held on March 10, 2011 to repurchase Amer
Sports shares.
The repurchases will start at the earliest on August 23, 2011 and end on June 30, 2012 at the latest. The amount to be acquired is maximum three (3) million shares.
The shares shall be repurchased otherwise than in proportion to the holdings of the shareholders by using the non-restricted equity through public trading on the NASDAQ OMX Helsinki Stock Exchange at the prevailing market price at the time for acquisition. The shares shall be repurchased and paid for in accordance with the rules of NASDAQ OMX Helsinki and Euroclear Finland Ltd.
Amer's brands include Atomic, Salomon and Wilson.
